The White House Publishes its "Roadmap to Build a Climate Resilient Economy"
On October 14, 2021, the White House published a new report, titled A Roadmap to Build a Climate Resilient Economy, which details the administration’s climate risk accountability framework and its implementation strategy to address climate-related financial risk across all federal agencies. The report covers the administration’s government-wide strategy for measuring, disclosing, managing, and mitigating the risks that climate change poses to individuals, businesses, and the economy at large. The report focuses on the six lines of work outlined in President Biden’s Executive Order 14030 (“Climate-Related Financial Risk”):
Promoting the resilience of the U.S. financial system to climate-related financial risks;
Incorporating climate-related financial risk into Federal financial management;
Using Federal procurement to address climate-related financial risk;
Protecting life savings and pensions from climate-related financial risk;
Incorporating climate-related financial risk into Federal lending and underwriting; and
Building resilient infrastructure and communities.