Australian IPO Review 2021: Key US Securities Developments

ESG - "E" takes greater priority in the United States with more "S" and "G" as well

With the change of the US Administration in January 2021, climate change has yet again assumed a central role in US government policy with the United States re-committing itself to, most importantly, the Paris Agreement. The Biden Administration in October 2021 released its Roadmap to Address Climate-Related Financial Risk which sets out the Administration's vision for a "whole of government" perspective on climate financial risks and on a net zero, clean energy future. Other key developments in the United States have included the release in October 2021 by the US Financial Stability Oversight Council (the FSOC) of its Report on Climate-Related Financial Risk, which, for the first time, has identified climate change as an "emerging threat to the financial stability of the United States" and, among other things, reviews how FSOC members incorporate climate-related financial risk