pension funds

Biden Admin Executive Order on Climate-Related Financial Risk

Issue: 
Gina McArthy

VX News share's the Biden Administration's May executive order on climate-related financial risk. The order directs National Climate Advisor, in coordination with Treasury Secretary Janet Yellen and the Office of Management and Budget (OMB) to develop a comprehensive, Government-wide strategy for identifying and addressing exposure to climate-related financial risks facing US financial institutions.