Treasury Releases New Guidelines for Financial Institutions With Net-Zero Carbon Emissions Goals

Treasury Secretary Janet Yellen said the “physical impacts of climate change are impossible to ignore” and pointed to recent “record-breaking heatwaves.”

Treasury Secretary Janet Yellen speaks onstage during the Bloomberg Transition Finance Action Forum at The Plaza Hotel in New York on Sept. 19, 2023. Bryan Bedder/Getty Images for Bloomberg Philanthropies

The Treasury Department has unveiled a new set of guidelines for financial institutions with net-zero carbon emissions goals as the Biden administration continues to promote its green energy agenda.

The new voluntary guidelines were announced by Treasury Secretary Janet Yellen during a speech at the Bloomberg Transition Finance Action Forum in New York on Sept. 19.