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### The Rise of Climate Reporting Requirements in California and Beyond
2023 marked a significant milestone as California adopted climate reporting requirements, opening new avenues for state-level regulations related to sustainability and climate change. The shift from federal requirements to state-level mandates was driven by the growing demand for investors to understand non-financial aspects of a company’s operations, underscoring the importance of climate and environmental awareness in corporate finance.
### Climate Reporting Requirements: A Surge of Interest
In 2019, the development of climate reporting requirements surged, with the United Nations endorsing the Paris Agreement and arguing that covering “net zero” greenhouse emissions by 2050 would significantly reduce global climate impact. This concurrent rise in requirements was driven by the need for corporate accountability and regulatory compliance, as companies sought to demonstrate their commitment to sustainability and environmental stewardship.
### The Follow-Up:lege Beginnings in New York and Beyond
In 2025, New York State introduced legislation inspired by California’s approach, mimicking the aggressive climate reporting requirements. However, this proposal failed to gain approval during the legislative session, despite its ambitious goals. The New York State Senate, despite its reputation as a “part-time” agency, only amenities for limited annual meetings, making the passage of legislation challenging. This mirrors other state-level initiatives, raising questions about the practicality of setting such mandated reporting rules at the state level.
### The Impact of Industry Vote
The federal government’s prime on the controversial climate reporting requirements led to further shifts at the state level. As-star
