New York State introduces mandatory climate disclosure bill
Scope 1 and 2 emissions reporting could be made mandatory from 2027, and Scope 3 from 2028.
New York State is following California’s lead and working to make climate-related disclosures mandatory, even as federal policies shift in the opposite direction.
Senate Bill 3456, or the climate corporate data accountability act, aims to amend environmental conservation and state finance laws to mandate emissions reporting for all companies that do business in New York State and have more than US$1 billion in total annual revenue.
