Partners Liz Goldberg and Rick Rothman and associate Benjamin Hand co-authored an article for Reuters discussing two recently enacted climate-related disclosure laws in California and the extent to which the laws might apply to asset managers through their underlying investments.
The article provides an overview of the two new laws, known as the Climate Corporate Data Accountability Act (SB 253) and Climate-Related Financial Risk Act (SB 261), their general implications, specific concerns for asset managers, and next steps for impacted organizations.