New York S05132 mandates large corporations to report climate-related financial risks annually.
New York S05132 requires corporations with annual gross revenues of at least $500 million, supervised by the Department of Financial Services, to prepare an annual climate-related financial risk report. This report must be submitted to the Secretary of State and made publicly available. The bill aims to ensure transparency and accountability regarding the financial risks posed by climate change, aligning with global efforts to address climate impacts.
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