California's Climate Law Pushes For Financial Impact Disclosures


credit: youtube

Public companies subject to SB 219 face more than $1.2 trillion in collective financial risk.

Only one-third of this exposure was reported in 2024 by public companies.

Many US companies face significant amounts of undiscovered climate-related risk now potentially subject to disclosure under SB 219.

In 2024 alone, extreme weather and climate disasters in the US caused $184 billion in damages.

The total financial impact to the US private sector is likely to be much higher.

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