Final FAR Climate Disclosure Rule Likely to Impose Increased Compliance Burden and Responsibility Risks

Covington & Burling – The Department of Defense, General Services Administration, and the National Aeronautics and Space Administration have issued a proposed rule that would revise the Federal Acquisition Regulations to implement section 5(b)(i) of Executive Order 14030, Climate-Related Financial Risk, requiring government contractors to publicly disclose greenhouse gas emissions and climate-related financial risk and also set science-based reduction targets.