White House Instructs Agencies to Analyze and Mitigate "Climate-Related Financial Risk"
By EsqSocial Corporation 07/06/21
Executive Order directs whole-of-government approach and broad regulatory effort. On May 20, 2021, President Biden issued an Executive Order ("Order") directing agencies to analyze and mitigate "climate-related financial risk." Part of the administration's broader climate agenda, the Order requires agencies to develop a "comprehensive, Government-wide strategy" affecting the financial system and Federal Government. Designed to address what the President describes as "[t]he failure of...
By: Jones Day