Our recent Client Alert provides an important update on SB 261, California’s Climate-Related Financial Risk Act. The California Air Resources Board (CARB), the regulatory entity empowered to implement SB 261, held a virtual public workshop in May 2025 and released FAQs in July 2025, to help companies prepare for compliance. The Client Alert includes practical next steps for companies including, among other things, confirming whether they are covered by SB 261, determining the appropriate reporting framework to use, identifying the fiscal years to be covered by the company’s inaugural climate-related financial risk report, and determining disclosures to be made if the company has not identified material climate-related financial risks. For more information on this topic or any related matter, please contact any member of the firm’s Sustainability and ESG Advisory or Corporate practices.