2023 Climate Risk Scorecard: Assessing U.S. Financial Regulator Action on Climate Risk - Analysis

Ceres’ annual Climate Risk Scorecard assesses the actions that U.S. federal financial regulators take within their existing authority to address the systemic impacts of climate-related financial risk. The first iteration, published in 2021, found that regulators were behind in acting on these threats. The 2022 Scorecard showed that agencies had made significant progress in addressing climate financial risk. Our 2023 iteration finds that 10 agencies Federal Reserve Bank (the Fed), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), the U.S. Securities and Exchange Commission (SEC), the Municipal Securities Rulemaking Board (MSRB), the Public Company Accounting Oversight Board (PCAOB), the Commodity Futures Trading Commission (CFTC), the Federal Housing Finance Agency (FHFA), and the U.S. Department of the Treasury — have collectively taken over 100 public actions to address climate-related financial risk between July 2022 and June 2023. Scorecard (JPG) and Methodology available at https://www.ceres.org/accelerator/regulation/scorecard