Federal Acquisition Regulation: Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk
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Issuing agencies
Abstract
DoD, GSA, and NASA are withdrawing the proposed rule to amend the Federal Acquisition Regulation (FAR) titled: Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk. Executive Order 14030, directed the Federal Acquisition Regulatory Council to consider amending the Federal Acquisition Regulation (FAR) require major Federal suppliers to publicly disclose greenhouse gas emissions and climate-related financial risk and to set science-based reduction targets. A proposed rule was published on November 14, 2022. The agencies lack sufficient time during the Biden-Harris Administration to finalize the proposal. In addition, the agencies' analysis of public comments indicates an evolving practices and standards in industry, and an evolving domestic and international regulatory landscape. Accordingly, this proposed rule is withdrawn, and the FAR case is closed.
Full Text
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<title>Federal Register, Volume 90 Issue 7 (Monday, January 13, 2025)</title>
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[Federal Register Volume 90, Number 7 (Monday, January 13, 2025)]
[Proposed Rules]
[Page 2663]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-30621]
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DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
48 CFR Parts 1, 4, 9, 23, and 52
[FAR Case 2021-015, Docket No. FAR-2021-0015, Sequence No. 1]
RIN 9000-AO32
Federal Acquisition Regulation: Disclosure of Greenhouse Gas
Emissions and Climate-Related Financial Risk
AGENCY: Department of Defense (DoD), General Services Administration
(GSA), and National Aeronautics and Space Administration (NASA).
ACTION: Proposed rule; withdrawal.
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SUMMARY: DoD, GSA, and NASA are withdrawing the proposed rule to amend
the Federal Acquisition Regulation (FAR) titled: Disclosure of
Greenhouse Gas Emissions and Climate-Related Financial Risk. Executive
Order 14030, directed the Federal Acquisition Regulatory Council to
consider amending the Federal Acquisition Regulation (FAR) require
major Federal suppliers to publicly disclose greenhouse gas emissions
and climate-related financial risk and to set science-based reduction
targets. A proposed rule was published on November 14, 2022. The
agencies lack sufficient time during the Biden-Harris Administration to
finalize the proposal. In addition, the agencies' analysis of public
comments indicates an evolving practices and standards in industry, and
an evolving domestic and international regulatory landscape.
Accordingly, this proposed rule is withdrawn, and the FAR case is
closed.
DATES: The proposed rule published on November 14, 2022, at 87 FR 68312
is withdrawn as of January 13, 2025.
ADDRESSES: <a href="/cdn-cgi/l/email-protection#7c1a1d0e0c1310151f053c1b0f1d521b130a"><span class="__cf_email__" data-cfemail="f89e998a889794919b81b89f8b99d69f978e">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Ms. Jennifer Hawes, Procurement
Analyst, at 202-255-9194 or by email at <a href="/cdn-cgi/l/email-protection#c6aca3a8a8afa0a3b4e8aea7b1a3b586a1b5a7e8a1a9b0"><span class="__cf_email__" data-cfemail="573d3239393e313225793f362032241730243679303821">[email protected]</span></a>. Please
cite ``FAR Case 2021-015''.
SUPPLEMENTARY INFORMATION: On November 12, 2022, DoD, GSA, and NASA
proposed to amend the FAR to implement section 5(b)(i) of Executive
Order (E.O.) 14030, Climate-Related Financial Risk, to consider
requiring major Federal suppliers to publicly disclose greenhouse gas
(GHG) emissions and climate-related financial risk and to set science-
based reduction targets. The agencies lack sufficient time during the
Biden-Harris Administration, however, to finalize the proposal,
particulalry given the large volume of public comments and the policy
issues they raised. The agencies' overall analysis of public comments
indicates evolving practices and use of standards in industry, and
since the publication of the proposed rule, differing domestic and
international regulations covering greenhouse gas disclosures have been
created. The FAR Council will continue to monitor recommendations from
stakeholders on industry practice, both voluntary and under other
requirements, to inform any future efforts in anticipation of continued
movement towards more uniform use of standards. Accordingly, the
proposed rule published at 87 FR 68312 on November 14, 2022, is
withdrawn and FAR Case 2021-015 is closed.
List of Subjects in 48 CFR Parts 1, 4, 9, 23, and 52
Government procurement.
William F. Clark,
Director, Office of Government-wide Acquisition Policy, Office of
Acquisition Policy, Office of Government-wide Policy.
[FR Doc. 2024-30621 Filed 1-10-25; 8:45 am]
BILLING CODE 6820-EP-P
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