Audit, Compliance and Risk Blog

On September 2, 2025, the California Air Resources Board (ARB) posted a draft checklist with information to help targeted “covered entities” comply with requirements to provide “Climate Related Financial Risk Disclosure.” These Disclosures are required beginning January 1, 2026, in compliance with state legislation (SB 261 (Stern)) enacted in 2023 (which I wrote about HERE), and amended in 2024 (SB 219 (Wiener); I wrote about it HERE). The remainder of this note summarizes SB 261 and ARB’s draft checklist. 

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Tags: sustainability, ARB, compliance, Environmental Regulations, Corporate Sustainability, Climate Disclosure, ESG Reporting, SB261, CARB, Corporate Risk

On February 26, the European Union’s (EU’s) European Commission issued its “Omnibus I” proposal to “recalibrate” the EU’s Corporate Sustainability Reporting Directive (CSRD), by reducing reporting requirements and excluding smaller entities.  The CSRD was adopted in November 2022 and took effect in January 2023 (I wrote about it HERE), providing reporting requirements that are being phased in during 2024-2028. CSRD superseded and narrowed the EU’s previous Non-Financial Reporting Directive (NFRD; which I discussed HERE). The remainder of this note discusses the proposed changes. 

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Tags: CSRD, ESG, Hazardous Material, RegulatoryUpdates, Risk Management, Sustainability Reporting, EU Regulations, Sustainability Strategy, Corporate Sustainability, EU Compliance