Illinois 2025-2026 Regular Session

Illinois House Bill HB3673 Compare Versions

Only one version of the bill is available at this time.
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11 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3673 Introduced , by Rep. Kimberly Du Buclet SYNOPSIS AS INTRODUCED: New Act Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2026, 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, 2027, and annually thereafter, shall 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, 2027, 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, 2027, 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. LRB104 09238 SPS 19295 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3673 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, 2026, 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, 2027, and annually thereafter, shall 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, 2027, 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, 2027, 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. LRB104 09238 SPS 19295 b LRB104 09238 SPS 19295 b A BILL FOR
22 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB3673 Introduced , by Rep. Kimberly Du Buclet SYNOPSIS AS INTRODUCED:
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55 Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2026, 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, 2027, and annually thereafter, shall 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, 2027, 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, 2027, 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.
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1111 1 AN ACT concerning business.
1212 2 Be it enacted by the People of the State of Illinois,
1313 3 represented in the General Assembly:
1414 4 Section 1. Short title. This Act may be cited as the
1515 5 Climate Corporate Accountability Act.
1616 6 Section 5. Definitions. As used in this Act:
1717 7 "Emissions registry" means a nonprofit emissions registry
1818 8 organization contracted by the Secretary of State that:
1919 9 (1) operates a voluntary greenhouse gas emission
2020 10 registry for organizations operating in the United States;
2121 11 and
2222 12 (2) has experience with voluntary greenhouse gas
2323 13 emissions disclosure by entities operating in Illinois.
2424 14 "Reporting entity" means a partnership, corporation,
2525 15 limited liability company, or other business entity formed
2626 16 under the laws of this State, the laws of any other state of
2727 17 the United States or the District of Columbia, or under an Act
2828 18 of the Congress of the United States with total annual
2929 19 revenues in excess of $1,000,000,000 and that does business in
3030 20 Illinois.
3131 21 "Scope 1 emissions" means all direct greenhouse gas
3232 22 emissions that stem from sources that a reporting entity owns
3333 23 or directly controls, regardless of location, including, but
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4040 Creates the Climate Corporate Accountability Act. Provides that, on or before July 1, 2026, 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, 2027, and annually thereafter, shall 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, 2027, 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, 2027, 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.
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6868 1 not limited to, fuel combustion activities.
6969 2 "Scope 2 emissions" means indirect greenhouse gas
7070 3 emissions from electricity purchased and used by a reporting
7171 4 entity, regardless of location.
7272 5 "Scope 3 emissions" means indirect greenhouse gas
7373 6 emissions, other than scope 2 emissions, from activities of a
7474 7 reporting entity that stem from sources that the reporting
7575 8 entity does not own or directly control and may include, but
7676 9 are not limited to, emissions associated with the reporting
7777 10 entity's supply chain, business travel, employee commutes,
7878 11 procurement, waste, and water usage, regardless of location.
7979 12 Section 10. Emissions reporting.
8080 13 (a) On or before July 1, 2026, the Secretary of State shall
8181 14 develop and adopt rules to require a reporting entity to
8282 15 annually disclose to the emissions registry, and verify, all
8383 16 of the reporting entity's scope 1 emissions, scope 2
8484 17 emissions, and scope 3 emissions. The Secretary of State shall
8585 18 ensure that the rules adopted under this subsection require,
8686 19 at a minimum, all of the following:
8787 20 (1) That a reporting entity, starting on January 1,
8888 21 2027, and annually thereafter, publicly disclose to the
8989 22 emissions registry all of the reporting entity's scope 1
9090 23 emissions and scope 2 emissions for the prior calendar
9191 24 year, and its scope 3 emissions for that same calendar
9292 25 year no later than 180 days after that date, using the
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103103 1 Greenhouse Gas Protocol Corporate Accounting and Reporting
104104 2 Standard and the Greenhouse Gas Protocol Corporate Value
105105 3 Chain (Scope 3) Accounting and Reporting Standard
106106 4 developed by the World Resources Institute and the World
107107 5 Business Council for Sustainable Development, including
108108 6 guidance for scope 3 emissions calculations that detail
109109 7 acceptable use of both primary and secondary data sources,
110110 8 including the use of industry average data, proxy data,
111111 9 and other generic data in its scope 3 emissions
112112 10 calculations. On or before July 1, 2029, the Secretary of
113113 11 State shall review, and update as necessary, the public
114114 12 disclosure deadlines to evaluate trends in scope 3
115115 13 emissions reporting and consider changes to the disclosure
116116 14 deadlines to ensure that scope 3 emissions data is
117117 15 disclosed to the emissions registry as close in time as
118118 16 practicable to the deadline for reporting entities to
119119 17 disclose scope 1 emissions and scope 2 emissions data. The
120120 18 reporting timelines shall consider industry stakeholder
121121 19 input and shall take into account the timelines by which
122122 20 reporting entities typically receive scope 1, scope 2, and
123123 21 scope 3 emissions data, as well as the capacity for
124124 22 independent verification to be performed by a third-party
125125 23 auditor, as approved by the Secretary of State.
126126 24 (2) That a reporting entity's public disclosure is
127127 25 made in a manner that is easily understandable and
128128 26 accessible to residents of the State.
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139139 1 (3) That a reporting entity's public disclosure
140140 2 includes the name of the reporting entity and any
141141 3 fictitious names, trade names, assumed names, and logos
142142 4 used by the reporting entity.
143143 5 (4) That a reporting entity's public disclosure is
144144 6 structured in ways that maximize and streamline reporting
145145 7 and ease of use in meeting the requirements of national
146146 8 and international disclosure programs and standards,
147147 9 including, but not limited to, adopted rules from the
148148 10 United States Securities and Exchange Commission and
149149 11 international standards, such as those established by CDP
150150 12 Global.
151151 13 (5) That a reporting entity's public disclosure is
152152 14 independently verified by the emissions registry or a
153153 15 third-party auditor, that is approved by the Secretary of
154154 16 State, with expertise in greenhouse gas emissions
155155 17 accounting. The reporting entity shall ensure that a copy
156156 18 of the complete, audited greenhouse gas emissions
157157 19 inventory, including the name of the approved third-party
158158 20 auditor, is provided to the emissions registry as part of
159159 21 or in connection with the reporting entity's public
160160 22 disclosure. The Secretary of State shall establish auditor
161161 23 qualifications and a process for approval of auditors that
162162 24 ensures sufficient auditor capacity, as well as timely
163163 25 reporting implementation as required under paragraph (1).
164164 26 (b) The Secretary of State shall contract with an
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175175 1 emissions registry to develop a reporting and registry program
176176 2 to receive and make publicly available disclosures as
177177 3 described in paragraph (1).
178178 4 (c) The Secretary of State may adopt any rules that it
179179 5 deems necessary and appropriate to implement this Section.
180180 6 (d) In developing the rules required under this Section,
181181 7 the Secretary of State shall consult with all of the
182182 8 following:
183183 9 (1) the Attorney General;
184184 10 (2) other government stakeholders, including, but not
185185 11 limited to, experts in climate science and corporate
186186 12 carbon emissions accounting;
187187 13 (3) stakeholders representing consumer and
188188 14 environmental justice interests; and
189189 15 (4) reporting entities that have demonstrated
190190 16 leadership in full-scope greenhouse gas emissions
191191 17 accounting and public disclosure and greenhouse gas
192192 18 emissions reductions.
193193 19 Section 15. Report on public emissions disclosures.
194194 20 (a) On or before January 1, 2027, the Secretary of State
195195 21 shall contract with the University of Illinois, a national
196196 22 laboratory, or another equivalent academic institution to
197197 23 prepare a report on the public disclosures made by reporting
198198 24 entities to the emissions registry as described in Section 10
199199 25 and the rules adopted by the Secretary of State pursuant to
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210210 1 that Section. In preparing the report, consideration shall be
211211 2 given to, at a minimum, greenhouse gas emissions from
212212 3 reporting entities in the context of State greenhouse gas
213213 4 emissions reduction and climate goals. The entity preparing
214214 5 the report shall not require reporting entities to report any
215215 6 information beyond what is required under Section 10 or the
216216 7 rules adopted by the Secretary of State under that Section.
217217 8 (b) The Secretary of State shall submit the report
218218 9 required by this Section to the emissions registry to be made
219219 10 publicly available on the digital platform required to be
220220 11 created by the emissions registry as described in Section 20.
221221 12 Section 20. Emissions registry.
222222 13 (a) The emissions registry, on or before January 1, 2027,
223223 14 shall create a digital platform, which shall be accessible to
224224 15 the public, that shall house all disclosures submitted by
225225 16 reporting entities to the emissions registry under the rules
226226 17 adopted by the Secretary of State under Section 10 and the
227227 18 report prepared for the Secretary of State as described in
228228 19 Section 15. The emissions registry shall make the reporting
229229 20 entities' disclosures and the Secretary of State's report
230230 21 available on the digital platform within 30 days after
231231 22 receipt.
232232 23 (b) The digital platform shall be capable of featuring
233233 24 individual reporting entity disclosures, and shall allow
234234 25 consumers to view reported data elements aggregated in a
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245245 1 variety of ways, including multiyear data, in a manner that is
246246 2 easily understandable and accessible to residents of the
247247 3 State. All data sets and customized views shall be available
248248 4 in electronic format for access and use by the public.
249249 5 (c) Within 30 days after receipt, the emissions registry
250250 6 shall submit the report prepared for the Secretary of State as
251251 7 described in Section 15 to the General Assembly.
252252 8 Section 25. Violations. If the Attorney General finds that
253253 9 a reporting entity has violated or is violating this Act, or
254254 10 upon a complaint received from the Secretary of State, the
255255 11 Attorney General may bring a civil action against that
256256 12 reporting entity seeking civil penalties for violations of
257257 13 this Act.
258258 14 Section 30. Severability. The provisions of this Act are
259259 15 severable. If any provision of this Act or its application is
260260 16 held invalid, that invalidity shall not affect other
261261 17 provisions or applications that can be given effect without
262262 18 the invalid provision or application.
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