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ARTICLE · 19 DECEMBER 2022

Biden Administration Proposes Climate Disclosure Rules For Federal Contractors

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Companies considered to be "major" or "significant" US federal government contractors soon may be required to provide climate disclosures as part of the Biden Administration's suite of policies...

United StatesGovernment, Public Sector
Peggy Otum
Peggy Otum
Davina Pujari
Davina Pujari
Barry Hurewitz
Barry Hurewitz
Shannon Morrissey
Shannon Morrissey
Tessa Opalach
Tessa Opalach
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Companies considered to be "major" or "significant" US federal government contractors soon may be required to provide climate disclosures as part of the Biden Administration's suite of policies designed to achieve net-zero targets. On November 14, 2022, the Federal Acquisition Regulatory (FAR) Council published the Federal Supplier Climate Risks and Resilience Rule (Proposed Rule). As discussed in our recent post, the Proposed Rule requires climate disclosures from the several thousand federal contractors receiving the largest volumes of annual federal agency contract obligations. The Proposed Rule is intended to position the federal government to strengthen its supply chain by requiring major suppliers to set Paris Agreement-aligned emissions reduction goals.

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