The California Air Resources Board (CARB) recently published a preliminary list of companies that it says will need to comply with the state’s disclosure rules pertaining to greenhouse gas emissions and climate-related financial risk. For companies that have scaled back climate-related reporting following the Security and Exchange Commission’s rollback of its federal climate rule, the list presents a good opportunity to reevaluate that strategy.
Directors should ask management to check the CARB’s list for their own company’s name, as well as that of any competitors with a similar chain of operations, Bracewell’s Shai Sahay told Agenda.
“The purpose of all this stuff is to help you understand how your operations compare to other similar businesses,” he said. “It’s on board members to do that.”
