Biden Presses for Climate Disclosures: Executive Order Explained

The White House has joined the growing chorus of private-market demands for U.S. companies to provide more robust and standardized information about the climate risks they face.

President Joe Biden last week issued an executive order laying out steps the government will take to better identify the financial risks that climate change poses to both government and private assets, and the broader economy. It marshals the government’s regulatory muscle and buying power to bring climate change to the forefront of companies’ attention and reduce greenhouse gas emissions.

The four-page executive order includes a directive for the Financial Stability Oversight Council, ...