November 14, 2022
Proposed Climate Disclosure for Contractors
As the SEC still considers final rules on climate change disclosure, the Biden Administration is pressing forward with proposals to require climate change disclosure from federal government contractors.
As this Morrison Foerster blog notes, last week the Biden Administration unveiled details regarding a forthcoming proposed Federal Acquisition Regulation (FAR) rule on greenhouse gas emissions disclosure for major federal suppliers. Titled the “Federal Supplier Climate Risks and Resilience Rule,” the proposed rule would impose emission disclosure requirements on contractors that received $7.5 million or more in federal contract obligations in the prior fiscal year as a mandatory element of a FAR Part 9 responsibility determination.
– Dave Lynn