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California SB-253 (Climate Corporate Data Accountability) and SB-261 (Climate-Related Financial Risk)

Issued
2023-01-01
Effective
2023-04-01

Applies to

Companies (US and non-US) doing business in California above defined revenue thresholds — SB-253 ≥ US$1bn revenue; SB-261 ≥ US$500m revenue. Indian-parent companies with material California-nexus subsidiaries are within scope.

Key points

  • SB-253: Scope 1+2 from 2026; Scope 3 from 2027; limited assurance scaling to reasonable.
  • SB-261: TCFD/ISSB-style climate-risk and transition-plan disclosure biennially.
  • Applies regardless of incorporation state — 'doing business in California' is the trigger.

Applicability triggers

  • Indian-parent technology, pharma or services company with a California subsidiary above threshold.
  • Indian listed entity acquiring US business that brings it into CA-nexus.

Practitioner questions

Sources

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Source published
2023-01-01
ESGgyan extracted
2026-06-14
Last verified
2026-06-14
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