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New York
Mandatory from 2026New York Climate Disclosure Laws
New York's proposed climate disclosure framework establishes reporting obligations for large companies, requiring annual disclosure of greenhouse gas emissions and biennial reporting on climate-related financial risks. The regime covers Scopes 1, 2, and 3 emissions, governance, and transition planning in alignment with TCFD.
Key Requirements
- •Transition and physical climate risk disclosures in line with TCFD
- •Annual GHG emissions reporting (Scopes 1, 2, 3) to a state-administered registry
- •Biennial climate-related financial risk reports covering governance, strategy, and risk management
- •Applies to companies above revenue thresholds ($1B for emissions; $500M for risk)
- •Third-party assurance for emissions data as standards mature
- •Public availability of emissions and risk disclosures via a state platform
- •Establishment of a Climate Accountability Fund to support enforcement and transparency
- •Alignment with global disclosure frameworks (TCFD, ISSB)
Implementation Timeline
FY2026: Scope 1 & 2 reporting
FY2027: Scope 3 reporting
Report Timing
Annual, aligned to fiscal year.
Compliance Status
Mandatory from 2026Track your progress towards meeting the requirements and deadlines for this regulation.