Contractors receiving at least $50 million would have to disclose additional categories of emissions. Image: vladdon/Shutterstock.com
By: FEDweek StaffThe Biden administration has issued proposed changes to the Federal Acquisition Regulation to require major federal contractors to publicly disclose their greenhouse gas emissions and climate-related financial risks and set science-based emissions reduction targets.
The proposed rules in the November 10 Federal Register follow a 2021 executive orders setting clean energy and other environmental goals for the supply chain and other aspects of federal procurement, as well as the “federal sustainability plan” that set a goal to achieve net-zero emissions procurement by 2050.
“As the world’s single largest buyer of goods and services—purchasing over $630 billion in the last fiscal year alone—the federal government faces significant financial risks from climate change,” a White House fact sheet says. “Supply chain disruptions over the past year have impacted every sector, including the federal government and its critical contractors and subcontractors. The new federal supplier climate risks and resilience rule would strengthen the resilience of vulnerable federal supply chains, resulting in greater efficiencies and reduced climate risk.”
Under the proposed rule, contractors receiving at least $7.5 million in federal contracts annually would be required to publicly disclose certain categories of emissions, while those receiving at least $50 million would have to disclose additional categories of emissions along with climate-related financial risks, and would have to set science-based emissions reduction targets. More than half of major federal contractors are already disclosing climate related information, the White House said.
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