New York senate approves greenhouse gas reporting programme
New York lawmakers are moving to expand corporate climate transparency, with the State Senate passing the Climate Corporate Data Accountability Act (S9072A) on 28 January. The bill would require large US-based companies operating in the state to disclose their Scope 1, Scope 2 and Scope 3 greenhouse gas emissions. The proposal is not yet law, with the next stage consideration by Assembly Committee.
Modelled in part on California’s SB 253, the legislation would mandate annual emissions reporting through an emissions reporting organisation overseen by the Department of Environmental Conservation. By explicitly including value chain (Scope 3) emissions, the bill would place New York among a growing number of jurisdictions seeking fuller corporate climate accountability in the absence of federal requirements.
As climate disclosure regimes multiply at state level, consistency and comparability will become critical. We hope that, if enacted, reporting under the Act will be designed with structured, digital data in mind, enabling machine-readable, interoperable emissions information that can be effectively analysed by investors, regulators and other stakeholders, rather than locked in static reports.
Read the Senate bill here.
