Biden Readies Executive Order On Climate Finance Risk Disclosures

President Joe Biden is planning to sign an executive order (EO) creating a pathway for requiring financial institutions and corporations to assess and report their climate risks, according to White House climate policy coordinator Gina McCarthy, confirming recent press reports that such an order is in the works. McCarthy told participants at the April 13 virtual BloombergNEF Summit that Biden supports efforts by Treasury Secretary Janet Yellen to ensure the nation’s financial system is resilient to climate change effects, and...