summary
Introduced
02/07/2025
02/07/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2026, 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, 2027, and annually thereafter, shall 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, 2027, 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, 2027, 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 establishes the Climate Corporate Accountability Act, which requires large businesses doing business in Illinois with annual revenues over $1 billion to publicly disclose their greenhouse gas emissions across three categories: scope 1 (direct emissions from sources they own), scope 2 (indirect emissions from purchased electricity), and scope 3 (other indirect emissions from their supply chain, business travel, employee commutes, etc.). Starting January 1, 2027, companies must annually report their scope 1 and scope 2 emissions for the previous calendar year, and their scope 3 emissions within 180 days, using standardized protocols like the Greenhouse Gas Protocol. The Secretary of State will develop rules by July 1, 2026, contract with a nonprofit emissions registry to create a public digital platform for these disclosures, and collaborate with academic institutions to prepare a report analyzing the emissions data in the context of the state's climate goals. The bill mandates that these emissions reports be independently verified by a third-party auditor, be easily understandable to the public, and include the company's name and any alternate names. If a company fails to comply, the Attorney General can bring a civil action with potential penalties, ensuring accountability for corporate greenhouse gas emissions reporting.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3673&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB3673.htm |
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