California Governor Gavin Newsom says he will sign a bill that will require large businesses to account for their carbon emissions, including their scope 3 or supply chain emissions.
It will require businesses in California that earn over a billion dollars a year in revenue to publicly declare their greenhouse gas emissions.
(Scope 1 emissions come directly from a company's operations and scope 2 measures emissions from purchased electricity, heat, and other sources of energy.)
Newsom said he would sign SB253 and touted the state's leadership in climate issues at a Climate Week event in New York City on Sunday.
Newsom thanked large businesses in the state, like Apple and Salesforce , which voiced their support for the climate disclosure regulations.
Persons:
Gavin Newsom, Newsom, it's
Organizations:
California ., Securities and Exchange Commission, SEC, Apple
Locations:
Pajaro, Monterey County , California, United States, California, California . California, U.S, New York City