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California SB 261 and the Growing Demand for Physical Risk Assessment

Brownfields: 40 Years of Redevelopment Policy Driving Investment and Innovation

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August 2025

In our new Insight + Action Blog series, we examine how California’s Climate-Related Financial Risk Act (SB 261) is raising the bar for climate risk transparency. This landmark law requires large companies operating in the state to publicly disclose how climate impacts—like wildfires, floods, and extreme heat—pose financial risks to their real estate and operations. As physical risks grow, so does the demand for accurate, data-driven assessments to support compliance and resilience planning.

 

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