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Climate-Related Financial Risk: (Net) Zeroing in on Key Private Equity Considerations under the Biden Administration's Executive Order | Proskauer Rose LLP


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On May 20, 2021, President Biden signed an Executive Order on Climate-Related Financial Risk, which outlines various initiatives to promote policies related to physical and transition risks associated with climate change and to prioritize federal investments in support of those policies.  In this alert, we focus on key aspects of the order that could have implications for private equity funds and areas of consideration for asset managers as a whole. 
The Executive Order addresses five broad priorities:
develop a government-wide strategy for mitigating climate-related financial risk;
encourage financial regulators to assess climate-related financial risk;
encourage consideration of climate-related financial risks related to life savings and pensions; ....

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Biden Executive Order on Climate-Related Financial Risk


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Climate-Related Financial Risk: (Net) Zeroing in on Key Private Equity Considerations under the Biden Administration’s Executive Order
Wednesday, June 30, 2021
On May 20, 2021, President Biden signed an Executive Order on Climate-Related Financial Risk, which outlines various initiatives to promote policies related to physical and transition risks associated with climate change and to prioritize federal investments in support of those policies.  In this alert, we focus on key aspects of the order that could have implications for private equity funds and areas of consideration for asset managers as a whole. 
The Executive Order addresses five broad priorities:
develop a government-wide strategy for mitigating climate-related financial risk; ....

United States , Environmental Protection Agency , District Of Columbia , White House , Office Of Financial Research , Department Of Labor , Commodity Futures Trading Commission , Insurance Office , Office Of The Comptroller , Financial Stability Oversight Council , Deposit Insurance Corporation , National Credit Union Administration Board , National Climate Advisor , National Economic Council , See Mckinsey Company , Federal Reserve , See United States Environmental Protection Agency , Exchange Commission , Consumer Financial Protection Bureau , Net Zero Asset Managers Initiative , Department Of The Treasury , Office Of Management , Housing Finance Agency , President Biden , Executive Order , Climate Related Financial Risk ,

Emerging Concrete Technologies to Reduce Embodied Carbon


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Buildings alone account for 40% of the global greenhouse gas emissions. Two-thirds of that total impact is from operational emissions while the remainder is from embodied emissions. Embodied emissions include all the emissions required to produce everything that goes into our buildings the structure, enclosure, and all materials inside. Until recently, the focus in the building community has been on reducing operational emissions because they represent a bigger piece of the pie. But as we have driven down operational emissions through smarter designs, there has been a shift to focus on the remainder that is due to embodied carbon.
Between now and 2050 if construction trends continue, we will likely double the square footage of the built environment. In this short time period, half of the new construction emissions between now and 2050 will be from embodied carbon. Therefore, building owners, developers, designers, and contractors must take action and broaden thei ....

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