US/CA/NY climate disclosure regs & Scope 3 phase-in + SEC rescission
Key Questions
What changes is the SEC making to climate disclosure rules?
The SEC proposed on May 4 to rescind its 2024 climate disclosure rules, with the public comment period open until August 3, 2026. This rollback affects requirements around emissions and internal controls over financial reporting, including genAI considerations for ICFR.
What are the timelines for California and New York climate disclosure regulations?
Under CA SB253, Scope 1 and 2 disclosures begin in August 2026, with verified Scope 3 following in 2027. New York requirements are phased for 2028-2029, creating layered compliance demands alongside the SEC rescission.
How are early filings under SB261 affecting SME ERP needs?
73% of early SB261 filings were standalone reports, highlighting rising demand for carbon tracking in California SMEs. This signals increased ERP integration for emissions data amid evolving state rules.
SEC May4 rescission + genAI ICFR; CA SB253 Scope1/2 Aug2026/Scope3 2027 verified; NY 2028-29. Early SB261 filings (73% standalone reports) signal rising CA SME ERP carbon demand.