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.
