CARB approves initial regulation package supporting SB 261/SB 253 program administration and fees; reiterates SB 261 reporting is voluntary due to court order

CARB announced approval/adoption of an initial regulation package for California’s corporate climate disclosure programs (SB 253 and SB 261) that establishes administrative/implementation fee structures and related program definitions. Although the fee regulation is program-wide, it is directly relevant to SB 261 because it supports administration of the SB 261 disclosure program and CARB reiterates that, pursuant to a court order, CARB is not enforcing SB 261 and reporting is voluntary at this time. Compliance teams should account for CARB’s movement on program administration and budgeting (fees) while tracking the injunction’s effect on SB 261 enforcement and any subsequent implementation updates.