California Contractor Climate Transparency Act.

Senator Blakespear's California Contractor Climate Transparency Act establishes new emissions reporting requirements for companies conducting business with the state, creating two tiers of disclosure obligations based on contract value. Under the measure, contractors receiving more than $25 million in state contracts annually must report their direct emissions, indirect emissions from purchased energy, and other indirect emissions from their value chain, along with climate-related financial risks. Those receiving between $5 million and $25 million must disclose only their direct emissions and indirect emissions from purchased energy.

The reporting requirements take effect one year after the State Air Resources Board implements regulations under the Climate Corporate Data Accountability Act. The disclosures must align with existing greenhouse gas reporting frameworks established in state law to maintain consistency across programs. The State Air Resources Board will oversee implementation and compliance with the new requirements.

This measure builds upon California's existing climate disclosure framework, which requires certain companies to report emissions data and prepare climate risk assessments. The new provisions extend similar obligations specifically to state contractors, with reporting thresholds and requirements varying based on contract value. The State Air Resources Board will incorporate these contractor-specific provisions into its broader emissions reporting system.