HB 25-1119

HB 25-1119 is a Colorado law that requires large companies doing business in the state, with annual revenues over $1 billion, to publicly report their greenhouse gas emissions. These companies must start reporting their direct and indirect emissions (called scope 1 and scope 2) by January 1, 2028, and include supply chain emissions (scope 3) starting from January 1, 2029. The reports need to be verified by an independent auditor, and the state can fine companies up to $100,000 per day if they don’t comply. Since the bill has been signed into law, these requirements will go into effect as scheduled.

Official Summary

The bill requires each entity that does business in Colorado and has total revenues exceeding $1 billion in the preceding calendar year (reporting entity) to publicly disclose its total greenhouse gas emissions during the preceding calendar year. For scope 1 and scope 2 emissions, the reporting requirements begin January 1, 2028. For scope 3 emissions, the initial reporting requirements begin January 1, 2029, and are updated on January 1 each year thereafter. A reporting entity must have each of its disclosures independently verified by a third-party auditor. A district attorney or the attorney general may bring a civil action against a reporting entity for failing to comply with the disclosure requirements. A court may require a noncompliant reporting entity to pay a civil penalty in an amount not to exceed $100,000 for each day of noncompliance. (Note: This summary applies to this bill as introduced.)