New York Passes Bill Mandating GHG Disclosure for Large Companies

New law requires annual reporting of Scope 1, 2, and 3 emissions for U.S. firms with over $1 billion in revenue.

Published on Feb. 18, 2026

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The New York State Senate has passed the Climate Corporate Data Accountability Act, which will require large companies to annually report their direct and value chain greenhouse gas (GHG) emissions. The new law, which will be implemented in stages starting in 2027, applies to U.S.-based companies with revenues greater than $1 billion.

Why it matters

This legislation is part of a growing trend among states to institute corporate climate reporting requirements, as the federal government has pulled back on emissions transparency regulations. The new law aims to close data gaps and enable more effective oversight and regulation of corporate emissions.

The details

The Climate Corporate Data Accountability Act will require New York's Department of Environmental Conservation to adopt regulations mandating companies to report Scope 1, 2, and 3 emissions. The reporting obligations will be introduced in tiered stages, beginning in 2027. The law is similar to California's SB 253, which also requires companies with over $1 billion in revenues to disclose their Scope 1, 2, and 3 emissions.

  • The new law will be implemented in stages starting in 2027.

The players

New York State Senate

The legislative body that passed the Climate Corporate Data Accountability Act.

New York Department of Environmental Conservation

The state agency that will adopt regulations to implement the new emissions reporting requirements.

Kathy Hochul

The Governor of New York who will need to sign the bill into law.

Pete Harckham

The New York State Senator who sponsored the Climate Corporate Data Accountability Act.

California SB 253

Similar legislation in California that also requires large companies to report Scope 1, 2, and 3 emissions.

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What they’re saying

“Requiring corporations earning more than $1B annually to disclose both their direct and indirect greenhouse gas emissions will close these loopholes in climate data collection, strengthen oversight, enable more effective regulation and empower consumers to make informed choices.”

— Pete Harckham, New York State Senator (Instagram)

What’s next

After passing the Senate, the bill will now be sent to New York Governor Kathy Hochul, who will need to sign it into law.

The takeaway

This new legislation in New York is part of a broader trend among states to mandate corporate climate disclosure, filling a gap left by the federal government's pullback on emissions transparency rules. The law aims to provide better data to enable more effective regulation and empower consumers to make informed choices.