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    Home»ENVIRONMENTAL»New Plan Protects Federal Supply Chain from Climate Risks
    ENVIRONMENTAL

    New Plan Protects Federal Supply Chain from Climate Risks

    adminBy adminNovember 10, 2022Updated:November 10, 2022No Comments2 Mins Read
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    Statement by Michael Panfil, Senior Director and Lead Climate Risk Strategy Counsel at EDF – 10 November 2022

    November 10, 2022

    Matthew Tresaugue, mtresaugue@edf.org, 713-392-7888

    “The impacts of climate change are large and growing. Financial risk across the United States. The standard proposed today is Federal Supplier Climate Risk and Resilience Regulation, Funding from the Federal Acquisition Regulatory Commission will help the US federal government, the world’s largest buyer, make informed purchasing decisions that consider climate-related financial risks. Doing so is an important step in safeguarding the health of the American economy and ensuring the resilience of critical government functions.

    “If the proposed standard is finalized, we will ask our major federal suppliers to publicly disclose their greenhouse gas emissions and climate-related financial risks and set targets to reduce their emissions. This information is highly sensitive as extreme weather conditions amplified by climate change such as droughts, storms and wildfires increase financial risks Important, and the US government and its supply chains are not vulnerable.

    “As noted by the U.S. Government Accountability Office, consideration of climate-related financial risks in government procurement is essential and overdue. We urge an expeditious finalization of this proposed standard. “

    • Michael Panfil Senior Director and Lead Counsel for Climate Risks and Clean Power at EDF

    # # #

    One of the world’s leading international non-profit organizations, Environmental Defense Fund (edf.org) creates innovative solutions to the most serious environmental problems. To do so, EDF brings together science, economics, law and innovative private sector partnerships. With more than 3 million members and offices in the US, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, lawyers and policy experts are working in 28 countries to put our solutions into action. increase. Connect with us on Twitter @EnvDefenseFund





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