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Efforts to Align California and EU Climate Disclosure Rules

Original: Aligning California and EU Climate Disclosure Mandates

California and the European Union have each introduced sweeping climate disclosure mandates requiring large companies to report greenhouse gas emissions and climate-related risks. With overlapping but not identical requirements, businesses operating on both sides of the Atlantic face duplicative reporting burdens. Discussion is focused on how regulators and companies can harmonize the two regimes, aligning metrics, timelines and scope to reduce compliance costs while preserving transparency goals.

Why now: Companies and policymakers are weighing how to reconcile two major new climate reporting regimes that affect many of the same multinational firms.

CaliforniaEuropean UnionCPA Journal

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