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TheCorporateCounsel

TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

DealLawyers

DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

CompensationStandards

CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

Section16.net

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

Companies must report under California’s climate disclosure laws SB 253 and SB 261, starting January 1, 2026. With reporting requirements imminent, legal challengers are throwing a “Hail Mary” to pause reporting pending the outcome of litigation. After being denied a preliminary injunction at both the trial and appellate levels, the U.S. Chamber of Commerce is attempting to appeal directly to the Supreme Court. ESG Today reports:

“In an emergency application filed with the Supreme Court, the Chamber of Commerce argued that the new laws violate First Amendment free speech rights by compelling companies ‘to speak on the deeply controversial topic of climate change.’… the group argued that the case is likely to succeed on its merits, contending that the new laws compel speech on a controversial climate topic – noting that California lawmakers have stated that the laws aim to embarrass companies into taking climate action – and that the state will fail in treating the mandated climate reporting as ‘commercial speech,’ which would have a lower First Amendment threshold.

The Supreme Court’s decision on the emergency injunction will not be dispositive of the legitimacy of the California laws. It will only determine whether the laws will be allowed to go into effect pending the outcome of the trial court’s proceedings. Regardless of the Supreme Court’s actions, a trial will be held in January to determine the constitutionality of the laws. Though the outcome of that trial is likely to be appealed as well. We may still be a ways off from knowing the future of California’s climate reporting laws, but decisions in the coming weeks will have a major impact on in-scope companies.

Our members can learn more about California’s climate disclosure laws here. Members also have access to our Generic Climate Change Sample Disclosure created and vetted by PracticalESG and TheCorporateCounsel.net staff to help you in crafting or reviewing your own draft disclosure.

Interested in a full membership with access to the complete range of benefits and resources? Sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then. Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information compiled without the use of AI.

Practical Guidance for Companies, Curated for Clarity.

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The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile