The Biden administration has issued proposed changes to federal procurement regulations that would require major federal contractors to disclose their greenhouse gas emissions and climate-related financial risks and set science-based emission reduction targets. did.
Proposed rule in the November 10th Federal Register establishes a 2021 executive order setting clean energy and other environmental targets for supply chains and other aspects of federal procurement, and a goal of achieving net zero in accordance with the Federal Sustainability Plan. Procurement of emissions by 2050.
A White House fact sheet states, “As the world’s largest purchaser of goods and services, with more than $630 billion in purchases last fiscal year alone, the federal government faces significant financial risks from climate change.” Supply chain disruptions over the past year have affected all sectors, including the federal government and its critical contractors and subcontractors. It will strengthen resilience, increase efficiency and reduce climate risk.”
Under the proposed rule, contractors receiving at least $7.5 million annually in federal contracts would be required to disclose certain categories of emissions. We need to set science-based emission reduction targets. More than half of major federal contractors have already disclosed climate-related information, according to the White House.
