The Biden Executive Order on Climate-Related Financial Risk (the Executive Order) is the latest significant step by the Administration to analyze and mitigate the risks that climate change poses to the U.S. economy, businesses, workers and the financial system. Our memorandum focuses on those areas of the Executive Order that are most likely to create risks and opportunities for the private sector. These are, in our view, the impact on the financial sector, which will indirectly impact other sectors, the impact on environmental, social or governance (ESG) investing and the impact on those who sell goods and services to the federal government via government procurement.
The memorandum is available here.