Federal suppliers to be required to report carbon emissions

Read the full story at Bloomberg Law.

The Biden administration will soon propose a rule requiring major companies that supply goods and services to the federal government to disclose their greenhouse gas emissions, a White House official said Wednesday.

The rule will be distinct from—but similar to—the US Securities and Exchange Commission’s March proposal that requires publicly-traded companies to report their carbon emissions in their registration statements and annual reports, according to Andrew Mayock, federal chief sustainability officer at the Council on Environmental Quality.

He provided few details about the proposal, except to say it will require suppliers to report on greenhouse gases, “report on climate risk, and required to set science-based targets,” and that it will be issued “in the very near future.”

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