CARB publishes/updates SB 261 Climate Related Financial Risk Report Checklist (updated Nov 17, 2025) describing minimum content expectations and acceptable frameworks

CARB issued an updated SB 261 'Climate Related Financial Risk Report Checklist' (updated Nov 17, 2025) intended to guide covered entities on the contents of climate-related financial risk reports. The checklist is positioned as practical guidance for preparing disclosures and references acceptable reporting frameworks (e.g., TCFD/IFRS S2 or equivalent) and the types of governance/strategy/risk management/metrics information CARB expects entities to address. Compliance teams can use this checklist to structure initial reports and gap-assess existing climate risk disclosures while formal rulemaking and enforcement remain impacted by the injunction.