New York has failed to adopt climate reporting requirements in the 2025 legislative session, according to Forbes.

The New York State Senate introduced climate reporting legislation earlier this year in the form of Senate Bill 3456 (the Climate Corporate Data Accountability Act) and Senate Bill 3697 (the Climate-Related Financial Risk Reporting Bill), which mirror California’s SB 219—the successor bill to SB 253 (the Climate Corporate Data Accountability Act) and SB 261 (the Greenhouse Gases: Climate-Related Financial Risk Act). 

Senate Bill 3456 would have required U.S. business entities doing business in New York and deriving receipts from activity in New York with total revenues exceeding $1 billion in the preceding fiscal year to annually disclose their Scope 1 and Scope 2 greenhouse gas emissions beginning in 2027 and Scope 3 emissions beginning in 2028.

Senate Bill 3697 would have required any U.S. business entity doing business in New York with total revenues exceeding $500 million in the preceding fiscal year, to publish a climate-related financial risk report every two years beginning on or before January 1, 2028, that discloses its climate-related financial risk, in accordance with the Task Force on Climate-related Financial Disclosures framework or an equivalent reporting requirement, and measures adopted by the entity to reduce and adapt to the climate-related financial risks disclosed in the report. 

But neither proposal made it out of committee before the legislative session closed on June 12. 

As Forbes notes, New York's failure to consider the proposals may be a sign of a broader, bipartisan pushback on sustainability reporting requirements—as further evidenced by the SEC’s decision to stop defending climate disclosure rules it adopted in 2024, Colorado’s indefinite postponement of a similar bill that would have required large businesses to publicly disclose their greenhouse gas emissions, and the European Union’s decision to scale back the scope of its Corporate Sustainability Reporting Directive and Corporate Sustainability Due Diligence Directive.