President Biden Continues to Act on Climate Change with Executive Order on Climate-Related Financial Risk

On May 20, 2021, President Biden issued an Executive Order on climate-related financial risk, in which the new president directs the federal government to develop a strategy to curb the risk of climate change on public and private financial assets in the United States. The order notes that it is the policy of the administration to “advance consistent, clear, intelligible, comparable, and accurate disclosure of climate-related financial risk” and directs certain federal agencies to incorporate climate risk and environmental, social, and governance (ESG) considerations into …

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