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May 24, 2021

24 May 2021

President Biden Signs Sweeping Executive Order on “Climate-Related Financial Risk”

On May 20, 2021, U.S. President Joe Biden issued an executive order (EO) on “Climate-Related Financial Risk,” which established a comprehensive policy to advance disclosure and mitigation of climate-related financial risk in an effort to achieve the U.S. goal of net zero emissions by 2050.

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