FARProposed RuleJanuary 13, 2025

Federal Acquisition Regulation: Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk; Withdrawal

EnvironmentFinance & Banking

Summary

The federal government is withdrawing a proposed rule that would have required companies doing business with the government to disclose their greenhouse gas emissions and climate-related financial risks. This means companies will no longer need to report this climate information when bidding for federal contracts.

Key Points

1A previous proposal requiring federal contractors to report greenhouse gas emissions and climate financial risks is being canceled
2Companies bidding for government contracts will no longer be required to measure or disclose their climate-related environmental impact
3This withdrawal removes a layer of transparency that was intended to help the government make purchasing decisions based on companies' climate responsibility
4The change affects any company that sells goods or services to federal agencies, which includes everything from construction firms to technology companies
5This is part of a broader shift in federal climate policy priorities

Impact Assessment

If you are a Small Business or Manufacturer bidding for federal contracts, this means you will no longer be required to disclose your greenhouse gas emissions and climate-related financial risks as part of the federal contracting process.

Impact Level

Moderate

Geographic Scope

National

Compliance Cost

None

Who is Affected

Small BusinessesManufacturersEnergy CompaniesTechnology Companies

Key Dates

Published

January 13, 2025

Read on Federal Register View Docket

This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.