103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4268 Introduced , by Rep. Kimberly du Buclet SYNOPSIS AS INTRODUCED: New Act Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2024, the Secretary of State shall develop and adopt rules to require a reporting entity to annually disclose to the emissions registry, and verify, all of the reporting entity's scope 1 emissions, scope 2 emissions, and scope 3 emissions. Provides that a reporting entity, starting on January 1, 2025, and annually thereafter, publicly disclose to the emissions registry all of the reporting entity's scope 1 emissions and scope 2 emissions for the prior calendar year, and its scope 3 emissions for that same calendar year no later than 180 days after that date. Provides that the Secretary of State shall contract with an emissions registry to develop a reporting and registry program to receive and make publicly available disclosures. Provides that, on or before January 1, 2025, the Secretary of State shall contract with the University of Illinois, a national laboratory, or another equivalent academic institution to prepare a report on the public disclosures made by reporting entities to the emissions registry. Provides that the emissions registry, on or before January 1, 2025, shall create a digital platform, which shall be accessible to the public, that will house all disclosures submitted by reporting entities to the emissions registry. Provides for enforcement of the Act. Effective immediately. LRB103 34148 SPS 63966 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4268 Introduced , by Rep. Kimberly du Buclet SYNOPSIS AS INTRODUCED: New Act New Act Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2024, the Secretary of State shall develop and adopt rules to require a reporting entity to annually disclose to the emissions registry, and verify, all of the reporting entity's scope 1 emissions, scope 2 emissions, and scope 3 emissions. Provides that a reporting entity, starting on January 1, 2025, and annually thereafter, publicly disclose to the emissions registry all of the reporting entity's scope 1 emissions and scope 2 emissions for the prior calendar year, and its scope 3 emissions for that same calendar year no later than 180 days after that date. Provides that the Secretary of State shall contract with an emissions registry to develop a reporting and registry program to receive and make publicly available disclosures. Provides that, on or before January 1, 2025, the Secretary of State shall contract with the University of Illinois, a national laboratory, or another equivalent academic institution to prepare a report on the public disclosures made by reporting entities to the emissions registry. Provides that the emissions registry, on or before January 1, 2025, shall create a digital platform, which shall be accessible to the public, that will house all disclosures submitted by reporting entities to the emissions registry. Provides for enforcement of the Act. Effective immediately. LRB103 34148 SPS 63966 b LRB103 34148 SPS 63966 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4268 Introduced , by Rep. Kimberly du Buclet SYNOPSIS AS INTRODUCED:
New Act New Act
New Act
Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2024, the Secretary of State shall develop and adopt rules to require a reporting entity to annually disclose to the emissions registry, and verify, all of the reporting entity's scope 1 emissions, scope 2 emissions, and scope 3 emissions. Provides that a reporting entity, starting on January 1, 2025, and annually thereafter, publicly disclose to the emissions registry all of the reporting entity's scope 1 emissions and scope 2 emissions for the prior calendar year, and its scope 3 emissions for that same calendar year no later than 180 days after that date. Provides that the Secretary of State shall contract with an emissions registry to develop a reporting and registry program to receive and make publicly available disclosures. Provides that, on or before January 1, 2025, the Secretary of State shall contract with the University of Illinois, a national laboratory, or another equivalent academic institution to prepare a report on the public disclosures made by reporting entities to the emissions registry. Provides that the emissions registry, on or before January 1, 2025, shall create a digital platform, which shall be accessible to the public, that will house all disclosures submitted by reporting entities to the emissions registry. Provides for enforcement of the Act. Effective immediately.
LRB103 34148 SPS 63966 b LRB103 34148 SPS 63966 b
LRB103 34148 SPS 63966 b
A BILL FOR
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HB4268 LRB103 34148 SPS 63966 b
1 AN ACT concerning business.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 1. Short title. This Act may be cited as the
5 Climate Corporate Accountability Act.
6 Section 5. Definitions. As used in this Act:
7 "Emissions registry" means a nonprofit emissions registry
8 organization contracted by the Secretary of State that:
9 (1) currently operates a voluntary greenhouse gas
10 emission registry for organizations operating in the
11 United States; and
12 (2) has experience with voluntary greenhouse gas
13 emissions disclosure by entities operating in Illinois.
14 "Reporting entity" means a partnership, corporation,
15 limited liability company, or other business entity formed
16 under the laws of this State, the laws of any other state of
17 the United States or the District of Columbia, or under an act
18 of the Congress of the United States with total annual
19 revenues in excess of $1,000,000,000 and that does business in
20 Illinois.
21 "Scope 1 emissions" means all direct greenhouse gas
22 emissions that stem from sources that a reporting entity owns
23 or directly controls, regardless of location, including, but
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB4268 Introduced , by Rep. Kimberly du Buclet SYNOPSIS AS INTRODUCED:
New Act New Act
New Act
Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2024, the Secretary of State shall develop and adopt rules to require a reporting entity to annually disclose to the emissions registry, and verify, all of the reporting entity's scope 1 emissions, scope 2 emissions, and scope 3 emissions. Provides that a reporting entity, starting on January 1, 2025, and annually thereafter, publicly disclose to the emissions registry all of the reporting entity's scope 1 emissions and scope 2 emissions for the prior calendar year, and its scope 3 emissions for that same calendar year no later than 180 days after that date. Provides that the Secretary of State shall contract with an emissions registry to develop a reporting and registry program to receive and make publicly available disclosures. Provides that, on or before January 1, 2025, the Secretary of State shall contract with the University of Illinois, a national laboratory, or another equivalent academic institution to prepare a report on the public disclosures made by reporting entities to the emissions registry. Provides that the emissions registry, on or before January 1, 2025, shall create a digital platform, which shall be accessible to the public, that will house all disclosures submitted by reporting entities to the emissions registry. Provides for enforcement of the Act. Effective immediately.
LRB103 34148 SPS 63966 b LRB103 34148 SPS 63966 b
LRB103 34148 SPS 63966 b
A BILL FOR
New Act
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1 not limited to, fuel combustion activities.
2 "Scope 2 emissions" means indirect greenhouse gas
3 emissions from electricity purchased and used by a reporting
4 entity, regardless of location.
5 "Scope 3 emissions" means indirect greenhouse gas
6 emissions, other than scope 2 emissions, from activities of a
7 reporting entity that stem from sources that the reporting
8 entity does not own or directly control and may include, but
9 are not limited to, emissions associated with the reporting
10 entity's supply chain, business travel, employee commutes,
11 procurement, waste, and water usage, regardless of location.
12 Section 10. Emissions reporting.
13 (a) On or before July 1, 2024, the Secretary of State shall
14 develop and adopt rules to require a reporting entity to
15 annually disclose to the emissions registry, and verify, all
16 of the reporting entity's scope 1 emissions, scope 2
17 emissions, and scope 3 emissions. The Secretary of State shall
18 ensure that the rules adopted under this subsection require,
19 at a minimum, all of the following:
20 (1) That a reporting entity, starting on January 1,
21 2025, and annually thereafter, publicly disclose to the
22 emissions registry all of the reporting entity's scope 1
23 emissions and scope 2 emissions for the prior calendar
24 year, and its scope 3 emissions for that same calendar
25 year no later than 180 days after that date, using the
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1 Greenhouse Gas Protocol Corporate Accounting and Reporting
2 Standard and the Greenhouse Gas Protocol Corporate Value
3 Chain (Scope 3) Accounting and Reporting Standard
4 developed by the World Resources Institute and the World
5 Business Council for Sustainable Development, including
6 guidance for scope 3 emissions calculations that detail
7 acceptable use of both primary and secondary data sources,
8 including the use of industry average data, proxy data,
9 and other generic data in its scope 3 emissions
10 calculations. On or before July 1, 2029, the Secretary of
11 State shall review, and update as necessary, the public
12 disclosure deadlines to evaluate trends in scope 3
13 emissions reporting and consider changes to the disclosure
14 deadlines to ensure that scope 3 emissions data is
15 disclosed to the emissions registry as close in time as
16 practicable to the deadline for reporting entities to
17 disclose scope 1 emissions and scope 2 emissions data. The
18 reporting timelines shall consider industry stakeholder
19 input and shall take into account the timelines by which
20 reporting entities typically receive scope 1, scope 2, and
21 scope 3 emissions data, as well as the capacity for
22 independent verification to be performed by a third-party
23 auditor, as approved by the Secretary of State.
24 (2) That a reporting entity's public disclosure is
25 made in a manner that is easily understandable and
26 accessible to residents of the State.
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1 (3) That a reporting entity's public disclosure
2 includes the name of the reporting entity and any
3 fictitious names, trade names, assumed names, and logos
4 used by the reporting entity.
5 (4) That a reporting entity's public disclosure is
6 structured in ways that maximize and streamline reporting
7 and ease of use in meeting the requirements of national
8 and international disclosure programs and standards,
9 including, but not limited to, adopted rules from the
10 United States Securities and Exchange Commission and
11 international standards, such as those established by CDP
12 Global.
13 (5) That a reporting entity's public disclosure is
14 independently verified by the emissions registry or a
15 third-party auditor, that is approved by the Secretary of
16 State, with expertise in greenhouse gas emissions
17 accounting. The reporting entity shall ensure that a copy
18 of the complete, audited greenhouse gas emissions
19 inventory, including the name of the approved third-party
20 auditor, is provided to the emissions registry as part of
21 or in connection with the reporting entity's public
22 disclosure. The Secretary of State shall establish auditor
23 qualifications and a process for approval of auditors that
24 ensures sufficient auditor capacity, as well as timely
25 reporting implementation as required under paragraph (1).
26 (b) The Secretary of State shall contract with an
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1 emissions registry to develop a reporting and registry program
2 to receive and make publicly available disclosures as
3 described in paragraph (1).
4 (c) The Secretary of State may adopt any rules that it
5 deems necessary and appropriate to implement this Section.
6 (d) In developing the rules required under this Section,
7 the Secretary of State shall consult with all of the
8 following:
9 (1) the Attorney General;
10 (2) other government stakeholders, including, but not
11 limited to, experts in climate science and corporate
12 carbon emissions accounting;
13 (3) stakeholders representing consumer and
14 environmental justice interests; and
15 (4) reporting entities that have demonstrated
16 leadership in full-scope greenhouse gas emissions
17 accounting and public disclosure and greenhouse gas
18 emissions reductions.
19 Section 15. Report on public emissions disclosures.
20 (a) On or before January 1, 2025, the Secretary of State
21 shall contract with the University of Illinois, a national
22 laboratory, or another equivalent academic institution to
23 prepare a report on the public disclosures made by reporting
24 entities to the emissions registry as described in Section 10
25 and the rules adopted by the Secretary of State pursuant to
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1 that Section. In preparing the report, consideration shall be
2 given to, at a minimum, greenhouse gas emissions from
3 reporting entities in the context of State greenhouse gas
4 emissions reduction and climate goals. The entity preparing
5 the report shall not require reporting entities to report any
6 information beyond what is required under Section 10 or the
7 rules adopted by the Secretary of State under that Section.
8 (b) The Secretary of State shall submit the report
9 required by this Section to the emissions registry to be made
10 publicly available on the digital platform required to be
11 created by the emissions registry as described in Section 20.
12 Section 20. Emissions registry.
13 (a) The emissions registry, on or before January 1, 2025,
14 shall create a digital platform, which shall be accessible to
15 the public, that shall house all disclosures submitted by
16 reporting entities to the emissions registry under the rules
17 adopted by the Secretary of State under Section 10 and the
18 report prepared for the Secretary of State as described in
19 Section 15. The emissions registry shall make the reporting
20 entities' disclosures and the Secretary of State's report
21 available on the digital platform within 30 days after
22 receipt.
23 (b) The digital platform shall be capable of featuring
24 individual reporting entity disclosures, and shall allow
25 consumers to view reported data elements aggregated in a
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1 variety of ways, including multiyear data, in a manner that is
2 easily understandable and accessible to residents of the
3 State. All data sets and customized views shall be available
4 in electronic format for access and use by the public.
5 (c) Within 30 days after receipt, the emissions registry
6 shall submit the report prepared for the Secretary of State as
7 described in Section 15 to the General Assembly.
8 Section 25. Violations. If the Attorney General finds that
9 a reporting entity has violated or is violating this Act, or
10 upon a complaint received from the Secretary of State, the
11 Attorney General may bring a civil action against that
12 reporting entity seeking civil penalties for violations of
13 this Act.
14 Section 30. Severability. The provisions of this Act are
15 severable. If any provision of this Act or its application is
16 held invalid, that invalidity shall not affect other
17 provisions or applications that can be given effect without
18 the invalid provision or application.
19 Section 99. Effective date. This Act takes effect upon
20 becoming law.
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