Biden order calls for disclosure of financial risks of climate change

Read the full story at ESG Today.

President Biden announced on Thursday an Executive Order on Climate-Related Financial Risk, with wide-ranging transparency, disclosure and investment implications for investors, companies and regulators.

According to the White House, the executive order aims to help the federal government to address the climate crisis and mitigate the economic risks of climate change, beginning with the measurement and reporting of the financial impact of those risks…

These actions may move the U.S. significantly closer to the deployment of mandatory climate and sustainability disclosures by companies, which is currently under consideration by the SEC

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