CA SB219

Delays the State Air Resources Board's deadline to adopt greenhouse gas emissions reporting regulations from January 1, 2025 to July 1, 2025 for entities with over $1 billion in annual revenues.

Allows reporting entities to disclose emissions to either the state board or an emissions reporting organization (rather than requiring a specific organization), and permits the state board to specify the schedule for scope 3 emissions disclosure instead of requiring disclosure within 180 days of scope 1 and 2 emissions.

Authorizes the state board to contract with an emissions reporting organization (changed from required to discretionary) and allows consolidation of reports at the parent company level.

Removes the requirement that annual fees be paid upon filing disclosures; entities instead pay fees directly to the state board for administration of the emissions reporting program.

Changes climate-related financial risk reporting requirements to make state board contracting with climate reporting organizations discretionary rather than mandatory, and deletes the requirement for annual fee payments upon filing climate risk reports.