Climate Risk Disclosure Act of 2021

Bill 117 HR 2570, also known as the Climate Risk Disclosure Act of 2021, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to require public companies to disclose information related to their exposure to climate-related risks. This includes risks associated with the physical impacts of climate change, as well as risks related to the transition to a low-carbon economy.

The bill would require companies to disclose information such as their greenhouse gas emissions, their climate-related risks and opportunities, and their strategies for managing these risks. This information would need to be included in annual reports filed with the Securities and Exchange Commission (SEC).

The Climate Risk Disclosure Act of 2021 aims to provide investors, regulators, and the public with more transparency and information about how companies are addressing climate change. By requiring companies to disclose their climate-related risks, the bill seeks to help investors make more informed decisions about where to invest their money and to encourage companies to take action to mitigate their climate risks. Overall, the Climate Risk Disclosure Act of 2021 is a significant piece of legislation that aims to increase transparency and accountability around climate-related risks for public companies. It is part of a broader effort to address climate change and its impacts on the economy and society.