SB 261 – Senate Floor #2

Climate Financial Risk Disclosure

California’s economy is increasingly vulnerable to the effects of climate change, whether it’s sea level rise impacting the coast, ongoing droughts affecting agriculture, fishing and critical ecosystems, or wildfires devastating entire communities. However, the financial and economic risks of climate change are not widely disclosed or evaluated. SB 261 requires corporations and financial institutions with at least $500 million in revenues to annually disclose their climate-related financial risk, beginning in 2026. This bill was a cornerstone of the Climate Accountability Bill package.

Author: Henry Stern, Josh Becker, Lena Gonzalez, and Scott Wiener

View Bill

Bill info from the legislature

Issues: Clean Energy Economy

Signed into Law

Top Priority Bill Top Priority Bill


Signed into Law


47 Yes
17 No
16 Abstain


28 Yes
8 No
4 Abstain