Advocacy Encourages FAR Council to Reexamine Compliance Costs and Explore Regulatory Alternatives to its Proposed Climate Disclosure Regulations

On November 14, 2022, the Federal Acquisition Regulation (FAR) Council published a proposed rule that would require federal contractors that meet certain contract obligation thresholds to disclose greenhouse gas emissions and climate-related financial risks and to set science-based targets to reduce emissions.

On February 10, 2023, the Office of Advocacy (Advocacy) filed a comment letter encouraging the FAR Council to reexamine the costs of the proposed rule to small businesses and explore additional alternatives that would achieve the goals of the regulation.

For more, read the public comment letter and fact sheet, which highlights Advocacy’s concerns and recommendations.