New California Rules for Climate Claims and Goals: What To Expect From the Surprisingly Broad AB 1305
On October 7, 2023, California Gov. Gavin Newsom signed Assembly Bill (AB) 1305 into law, which creates new annual disclosure requirements regarding the substantiation of certain climate-related statements and purchases of carbon offsets. Effective January 1, 2024, this new law will apply to companies operating in California that make claims, or set goals, regarding the achievement of net zero emissions, carbon-neutral status or significant carbon emissions reductions, including claims related to individual products. Given its quick effectiveness and broad applicability, many companies have questions regarding the scope of AB 1305, how to prepare for compliance and how to manage enforcement risks.
This insightful webinar unpacked AB 1305. During this session, Cooley practitioners examined the core provisions of AB 1305, analyzed potential challenges in its interpretation and application, and highlighted litigation risks that organizations and individuals may encounter. Topics covered included:
- Understanding AB 1305 and its significance within the California legal landscape.
- Interpretation and application hurdles.
- Approaches for venture capital funds.
- Strategies for mitigating enforcement and litigation risks and ensuring compliance.
- Michael Mencher – Special counsel, San Francisco
- Michelle Rogers – Partner, Washington, DC
- Beth Sasfai – Partner, New York
For more information, please email Brianna Vega.