Bill > S06308

This bill requires large businesses operating in New York with annual revenues over $1 billion to report and verify their greenhouse gas emissions across three distinct scopes: Scope 1 (direct emissions from owned sources), Scope 2 (indirect emissions from purchased electricity or energy), and Scope 3 (indirect upstream and downstream emissions). Starting in 2028, companies must publicly disclose their Scope 1 and Scope 2 emissions annually, with Scope 3 emissions reporting beginning in 2029. Emissions must be measured using the Greenhouse Gas Protocol standards and verified by an independent third-party assurance provider, initially at a limited assurance level and progressing to a reasonable assurance level by 2032. The New York State Department of Environmental Conservation will develop regulations, contract with a nonprofit emissions reporting organization to receive and publish these disclosures, and create a public digital platform to make the data accessible. Companies will be required to pay an annual fee to cover administrative costs, and may face administrative penalties up to $500,000 for non-compliance, though good faith efforts and reasonable scope 3 reporting will be considered. The bill aims to increase transparency around corporate greenhouse gas emissions and support New York's climate goals.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/S6308