Our recent Client Alert discusses three bills, which California Governor Gavin Newsom recently signed, that will require companies and investors to provide new disclosure. The first bill, entitled the Climate Corporate Data Accountability Act, will require companies that do business in California with revenue over $1 billion to annually disclose their Scope 1 and Scope 2 emissions beginning in 2026. Such reporting entities will need to annually disclose their Scope 3 emissions beginning in 2027. The second bill, entitled Greenhouse gases: climate-related financial risk, will require companies that do business in California with annual revenue over $500 million to biennially disclose climate-related financial risk and measures taken to reduce and adapt to such climate-related financial risk beginning in 2026. The third bill, entitled Venture capital companies: reporting, will require venture capital companies that invest or do business in California to annually report certain diversity information about the founders of the companies that they invest in, beginning on March 1, 2025.