Finance
U.S. Weighs Global Climate Impact Benchmark for Wall Street
- Biden team’s framework to include climate disclosure, ESG
- Biden to set targets in line with most-ambitious Paris goal
This article is for subscribers only.
The Biden administration is considering ways to push the global finance industry to consistently account for carbon dioxide emissions and green investments, according to people familiar with the matter.
The Treasury Department and U.S. regulators are in the early stages of working on measures to improve companies’ environmental impact disclosure, according to the people, who spoke on condition of anonymity because the discussions are private. The moves seek to address carbon leakage -- where producers move to regions with less restrictive pollution rules -- and climate-related metrics for Environmental, Social and Governance-based investing, the people said.