California’s new regulations for ESG reporting

Great News – California follows suit!

Scott Wiener, Senator of California, has introduced a new bill requiring companies operating in the state to report their scope 1, 2, and 3 emissions. Similar to recent developments in Europe, the bill is expanding California’s previous decision to require emission reports from public companies only, as new regulations now target all companies above 1 billion dollars in revenue. Reporting obligations are expected to begin in 2026.

We are happy to hear about these developments as they assure more transparency among US companies as well as on world markets and allow sustainability performance and ESG to grow as the new number one performance indicator.

In affecting some of the largest companies worldwide, it will also encourage companies such as Apple or Alphabet to invest in their corporate sustainability and heat up competition for eco-conscious customers.

We are excited to observe changes being made worldwide and curious about what else the future will bring!