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IL HB4268

IL HB4268
CORPORATE EMISSIONS REPORTING


summary

Introduced
12/13/2023
In Committee
01/16/2024
Crossed Over
Passed
Dead
01/08/2025

Introduced Session

103rd General Assembly

Bill Summary

Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2024, the Secretary of State shall develop and adopt rules to require a reporting entity to annually disclose to the emissions registry, and verify, all of the reporting entity's scope 1 emissions, scope 2 emissions, and scope 3 emissions. Provides that a reporting entity, starting on January 1, 2025, and annually thereafter, publicly disclose to the emissions registry all of the reporting entity's scope 1 emissions and scope 2 emissions for the prior calendar year, and its scope 3 emissions for that same calendar year no later than 180 days after that date. Provides that the Secretary of State shall contract with an emissions registry to develop a reporting and registry program to receive and make publicly available disclosures. Provides that, on or before January 1, 2025, the Secretary of State shall contract with the University of Illinois, a national laboratory, or another equivalent academic institution to prepare a report on the public disclosures made by reporting entities to the emissions registry. Provides that the emissions registry, on or before January 1, 2025, shall create a digital platform, which shall be accessible to the public, that will house all disclosures submitted by reporting entities to the emissions registry. Provides for enforcement of the Act. Effective immediately.

AI Summary

This bill, the Climate Corporate Accountability Act, requires large corporations doing business in Illinois to annually report and verify their greenhouse gas emissions, including direct emissions (Scope 1), indirect emissions from purchased electricity (Scope 2), and other indirect emissions from the company's supply chain and operations (Scope 3). The bill directs the Secretary of State to develop rules for this emissions reporting, contract with a nonprofit emissions registry to receive and publish the disclosures, and commission a report on the reported emissions data. The bill also provides for enforcement of the Act's requirements through civil penalties for violations.

Sponsors (1)

Last Action

Session Sine Die (on 01/07/2025)

bill text


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