EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
Our publication discusses the California climate-disclosure laws that require public and private entities that conduct business in the state and meet certain annual revenue thresholds to provide climate-related disclosures, including Scope 1, Scope 2 and Scope 3 emissions, in accordance with the Greenhouse Gas Protocol and disclosures in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures. In addition, entities that operate in California and make claims about their achievement of net zero emissions or similar claims are required to disclose information about their claims and the purchase or use of voluntary carbon offsets to achieve those claims. The publication includes a comparison of the California laws with the Securities and Exchange Commission’s climate-related disclosure rules and the European Commission’s European Sustainability Reporting Standards.