CARB Delays Rulemaking

LAST CALL: Register for the US SIF Fall Policy Webinar

Join US SIF on Wednesday, October 22 at 2pm for our quarterly policy webinar to hear the latest updates from the White House, Congress, the SEC, and beyond.

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CARB Delays and Additional Comment Opportunities

California Air Resources Board released an update last week on the timeline of their proposed rulemaking regarding fee regulation for California’s corporate climate disclosure rules. The proposed rule will now likely be released in Q1 2026 rather than in October 2025. This will not delay the reporting deadline dates.   

Feedback galore: CARB explained the delay is due to the large volume of public comments which the agency is receiving. Opportunities to comment have included general feedback following public workshops and specific feedback on CARB’s climate-related financial risk report checklist and its preliminary list of regulated entities.  

New opportunity: CARB released a draft template for scope 1 and 2 greenhouse gas reporting as voluntary guidance for covered 2026 reporting entities. CARB seeks public comment on the template and its associated memo guidance, specifically looking for feedback on the template’s structure, substance, and alignment with SB 253’s overarching objectives.  

Weigh in: Submit public comments here by October 27, 2025.

What We’re Watching This Week

Week 4 of the government shutdown: The Senate is set to vote for the 11th time on the Republican bill to fund the government; however, it is expected to fail again. With large swaths of governmental workers receiving reductions-in-force notices over the last couple weeks, federal agency action has remained quite limited.