As the regulatory landscape around corporate climate disclosure continues to evolve, New York State is poised to join California at the forefront of mandatory emissions reporting. New York Senate Bill S9072A, also known as the Climate Corporate Data Accountability Act, passed the State Senate in February 2026 and is now moving through the Assembly. If enacted, it would make New York one of the first states in the nation to require large companies to publicly disclose their greenhouse gas (GHG) emissions across all three scopes.

For companies operating in New York, now is the time to understand what this legislation requires, who it affects, and how to start preparing.

A quick recap of the legislation

S9072A is not a new idea. Versions of the Climate Corporate Data Accountability Act were introduced in the New York Legislature in 2022, 2024, and 2025, but failed to advance beyond committee. The 2026 version, amended as S9072A, gained new momentum and passed the Senate on February 10, 2026. The bill now sits with the Assembly Codes Committee, where a companion bill has also been introduced.

The legislation is modeled in part on California’s SB 253, reflecting a broader national trend toward standardized corporate climate accountability. Its central requirement: large businesses doing business in New York must annually disclose their direct and indirect greenhouse gas emissions. To ensure consistency, emissions must be calculated in accordance with the GHG Protocol, the global standard for emissions accounting.

Which organizations does this legislation affect?

S9072A applies to any entity that:

• Does business in New York State or derives receipts from business activities in the state
• Reported annual revenues exceeding $1 billion in the prior fiscal year

The bill does not limit its reach to companies headquartered in New York. If your organization conducts business in the state and meets the revenue threshold, you are likely covered, regardless of where you are incorporated or based. Companies should begin assessing their exposure now, as the definition of “doing business in New York” may be interpreted broadly.

What reporting is required?

The bill establishes a phased timeline for emissions disclosure, following the three-scope framework of the GHG Protocol:

Scope 1 and Scope 2 Emissions — Beginning in 2028

Scope 1 covers direct emissions from operations your company owns or controls. Scope 2 covers indirect emissions from purchased electricity and steam. Covered entities would be required to report both categories beginning in 2028.

Scope 3 Emissions — Beginning in 2029

Scope 3 encompasses all indirect emissions across a company’s value chain, from raw material sourcing and supplier activities to product use and end-of-life disposal. These are often a company’s largest and most complex emissions source, and they are notoriously challenging to measure. S9072A would require Scope 3 disclosures beginning in 2029.

It’s worth noting that the bill includes a safe harbor provision for Scope 3 reporting: companies will not face civil liability for Scope 3 misstatements made with a reasonable basis and disclosed in good faith. During the initial years of Scope 3 reporting, penalties will only be assessed for nonfiling. This provides some protection for companies working in good faith to build out their value chain data collection systems. 

Third-party verification

S9072A goes beyond self-reported disclosures. Companies will be required to obtain limited assurance, independent third-party verification of their emissions data beginning in 2028. By 2032, the standard for verification escalates to reasonable assurance, mirroring the rigor applied to financial audits. 

Where does the Climate Corporate Data Accountability Act stand now?

As of March 2026, S9072A has cleared the Senate and is currently under review in the Assembly Codes Committee. If passed by the Assembly and signed into law by the Governor, the New York State Department of Environmental Conservation (DEC) would be tasked with developing regulations to implement the program. The bill would direct the DEC to adopt regulations by 2027, with the first Scope 1 and 2 disclosures required in 2028.

Given the legislative trajectory and growing political pressure around climate accountability, companies should treat passage as a serious possibility and begin preparing accordingly.

Next steps: preparing now pays off later

Climate disclosure requirements will continue expanding in scope and geographic reach, and New York’s S9072A is a significant signal of that trend. For organizations that may fall within the bill’s scope, starting early isn’t just advisable; it’s a strategic advantage.

These requirements do place new demands on finance and sustainability teams, but they also present a genuine opportunity: to gather better information, make smarter business decisions, and build key party credibility through transparency.

Verdis Group provides comprehensive compliance support designed to meet your specific regulatory exposure while building scalable systems for evolving requirements.

We’ve supported organizations through California’s landmark climate disclosure requirements and are closely tracking S9072A as it moves through the New York Legislature. Whether you’re starting from scratch on emissions measurement or refining an existing inventory to meet third-party assurance standards, our team can guide you through every step of the process.

To learn more about how we can help your organization get ready for New York’s emerging disclosure requirements, contact us at info@verdisgroup.com or visit our Climate Disclosure and Compliance services.

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Resources

1. NY State Senate Bill 2025-S9072A — Full Bill Text
2. New York Senate Passes Bill Targeting Corporate Climate Disclosures — ESG Dive

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