Bill > A04282

This bill establishes the Climate Corporate Data Accountability Act, which requires large businesses operating in New York to annually disclose their greenhouse gas emissions across three categories: scope 1 (direct emissions from owned sources), scope 2 (indirect emissions from purchased electricity), and scope 3 (indirect upstream and downstream emissions). Starting in 2027, companies with over $1 billion in annual revenue must publicly report their scope 1 and scope 2 emissions, with scope 3 emissions reporting beginning in 2028. Companies must use the Greenhouse Gas Protocol standards for measuring and reporting emissions and obtain independent third-party verification of their reports. The bill creates an emissions reporting organization to receive and publicly share these disclosures through a digital platform, and establishes a Climate Accountability and Emissions Disclosure Fund to support the program's administration. The attorney general can levy civil penalties up to $100,000 per day for non-compliance, with a maximum annual penalty of $500,000, though the bill provides some flexibility for good-faith reporting efforts, particularly for scope 3 emissions in the initial years. The goal is to increase transparency about corporate carbon emissions and support New York's climate reduction objectives.

Agriculture and Natural Resources, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A4282