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CA Climate Disclosure Support Letter

California legislators are considering SB 449 (Stern) which would require corporations, partnerships, limited liability companies, or other business entities incorporated in California to report on climate-related financial risk. This bill is a major step towards what investors have been calling for: it will be the first mandatory TCFD-aligned reporting in the U.S.

California has an opportunity to set the bar on TCFD-aligned disclosure, which could build momentum for the SEC to act. Demonstration of strong support from the investor community will be necessary to pass SB 449.

Ceres is coordinating an investor sign-on letter in support of SB 449, to be shared as floor sessions begin in early May.