Environmental & Energy,
Government
Nov. 7, 2023
Carbon reduction claims require broad new disclosures
This article provides an overview of the disclosure requirements of AB 1305, the steps companies doing business in California can take to prepare for their new obligations, and the potential liability for failure to comply with the new law.
Peter Hsiao
Partner
King & Spalding LLP
environmental, health & safety
633 W. Fifth Street
Los Angeles , CA 90071
Phone: (213) 443-4379
Email: phsiao@kslaw.com
As part of a package of new climate change legislation, on Oct. 7 California Gov. Gavin Newsom signed into law the Voluntary Carbon Market Disclosures Act (“VCMDA” or “AB 1305”). Intended as an effort to reduce “greenwashing” in the unregulated voluntary carbon credit markets, AB 1305 is a far-reaching law that requires businesses that make “carbon neutral,” “net zero emissions,” or other eco-friendly emissions claims to provide annual disclosures supporting their cl...
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