Full Title: On Disclosure of Climate Related Financial Risk: EO 14030
Author(s): Governance & Accountability Institute, Inc.
Publisher(s): Governance & Accountability Institute, Inc.
Publication Date: May 20, 2021
Full Text: Download Resource
Description (excerpt):
The latest set of policy updates and proposed actions of the Biden-Harris Administration in the “Whole of Government” approach to the climate change crisis (the administration’s message positioning) are going to affect most businesses in the U.S. in various ways. The details are set out for us in EO 14030 as well as the January 27th order – EO 14008. Some actions prescribed in these two and other EOs will over time reshape important parts of government oversight of financial services sector institutions (in focus are potential reforms for banking, insurance, investing, fiduciary duties oversight). Other actions will directly and indirectly affect many companies doing business with the public sector – from not only the federal / national level but also down to state, region, tribal, city and municipal levels (influenced by Federal policy and financing).