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PRESS RELEASE: Financial Stability Oversight Council Establishes New Climate-related Financial Risk Advisory Committee

PRESS RELEASE: Financial Stability Oversight Council Establishes New Climate-related Financial Risk Advisory Committee
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The Financial Sector And Government Contractors In The Environmental Bull's-Eye - Environment

Highlights
The Biden Administration on May 20, 2021, issued its latest and
long-awaited Executive Order (EO) on climate-related financial
risk.
The EO will affect a number of business sectors, including
financial institutions, insurance companies, U.S. Securities and
Exchange Commission (SEC)-regulated entities and government
contractors, and will require a number of studies and reports to be
filed by government agencies within the next 120 to 180 days.
Demonstrating how climate change and environmental justice
issues remain a top priority within the Biden Administration, this
EO is the latest in a series of actions designed to encourage
economy-wide transition by targeting the financial sector and ....

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