In Dec. 23’s Federal Register, the Federal Acquisition Regulatory Council announced an extension – from Jan. 13 to Feb. 13 – of the comment period for its proposed rule to require certain federal contractors to disclose information regarding their greenhouse gas emissions and climate-related financial risk and set science-based targets to reduce their GHG emissions. The rule implements elements of President Biden’s May 20, 2021, Executive Order 14030, “Climate-Related Financial Risk.”
As we pass one year of living in the “new normal” of a global pandemic, the construction industry—and the specialty trade sector in particular—has navigated the unprecedented year and resulting economic impacts with an unmatched level of resiliency.
This year’s study results indicate changes in the engineering and construction risk environment over the last three years and provide important data points regarding future risk management trends.
