The California Air Resources Board (CARB) has issued a draft checklist, setting out five recommended steps for preparing a climate risk report in accordance with the state’s Climate‐Related Financial Risk Act (SB 261).
In the same draft guidance, CARB has also clarified key questions it has received on the technicalities of reporting under SB 261.
The first climate risk reports are required to be published by in-scope companies by the start of 2026. CARB is in the process of finalising the regulations to implement the Climate‐Related Financial Risk Act.