California passed a slew of new climate bills this month, but one in particular is being closely watched for its potentially wide-ranging impacts on big companies that do business in the state. Called SB 253, it would require companies to look closely at their greenhouse gas emissions and those of the companies they work with. The hope, the bill's sponsor, Sen. Scott Weiner, has said, is to create a full picture of the environmental impacts of these major companies and encourage decarbonization. But what is SB 253 and what does it mean for commercial real estate? 
What is SB 253?SB 253 directs the California Air Resources Board to adopt regulations mandating businesses with annual revenue of $1B or more that do business in California to publicly report greenhouse gas emission data for themselves and their entire supply chain. It’s estimated that more than 5,000 companies would fall under the… Read the full story here. | 
