Federal Acquisition Regulation: Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk
Published Date: 1/13/2025
Proposed Rule
Summary
The government planned to make big suppliers share their greenhouse gas emissions and climate risks but is now hitting pause and withdrawing that rule. This affects major companies working with the federal government, who won’t have to report these details—at least for now. The decision comes after lots of feedback and changing rules elsewhere, with no new deadlines or costs for businesses right now.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Proposed GHG Disclosure Rule Withdrawn
If you are a major Federal supplier, the agencies (DoD, GSA, and NASA) withdrew the November 14, 2022 proposed rule that would have required public disclosure of greenhouse gas emissions and climate-related financial risk. The withdrawal is effective January 13, 2025 and FAR Case 2021-015 is closed, so those reporting requirements are not being finalized now.
FAR Council Will Monitor Future Standards
The FAR Council will continue to monitor industry practices, stakeholder recommendations, and evolving domestic and international regulations to inform any future efforts. That means the government may consider new rules in the future as standards change, but no new deadlines or requirements are being imposed now.
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Key Dates
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