NJ S679

Requires business entities with over $1 billion in annual revenue doing business in New Jersey to disclose scope 1 (direct) and scope 2 (indirect electricity-related) greenhouse gas emissions annually, beginning three years after enactment.

Mandates third-party assurance verification of emissions reports starting four years after enactment, initially at a limited assurance level, transitioning to reasonable assurance level after eight years.

Establishes civil penalties for violations: up to $10,000 for first offense, $20,000 for second offense, and $50,000 for third and subsequent offenses, with continuing violations constituting separate daily offenses.

Directs the Department of Environmental Protection to contract with a nonprofit emissions reporting organization to create a publicly accessible digital platform displaying emissions data within two years of enactment.

Allows reporting entities to satisfy requirements by submitting reports already prepared for California's Climate Corporate Data Accountability Act or the National Association of Insurance Commissioners Climate Risk Disclosure Survey.