NY S03456

Requires business entities with over $1 billion in annual revenue that do business in New York to publicly disclose greenhouse gas emissions annually to an emissions reporting organization

Mandates disclosure of scope 1 and scope 2 emissions starting in 2027, with scope 3 emissions disclosure beginning in 2028, following Greenhouse Gas Protocol standards

Requires independent third-party assurance engagements on emissions disclosures, starting at limited assurance level in 2027 and escalating to reasonable assurance level by 2031

Authorizes civil penalties of up to $100,000 per day for willful noncompliance, with a maximum of $500,000 per reporting year, enforced by the Attorney General

Establishes the climate accountability and emissions disclosure fund to collect annual fees from reporting entities to cover the Department of Environmental Conservation's administrative costs