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U.S. President Joe Biden has followed through on many of his campaign pledges related to sustainability and ESG during his first 100 days in office — particularly in the areas of climate change and environmental justice. S&P Global Sustainable1 tracks the trends, the costs and the outlook.


Overview

How Biden's First 100 Days Changed the Course of US ESG and Sustainability Policy

Under Biden, nearly every agency — including financial regulators, the Environmental Protection Agency and the Federal Energy Regulatory Commission that oversees interstate pipelines and electricity markets — has taken steps to unwind environmentally harmful Trump-era rules and make community engagement a bigger priority.

But much of that agency-level work is in the early stages and will take years to carry out. And the price of transitioning to a greener, more just economy in line with Biden’s goals is likely to be steep.

S&P 500 sector performance during Diden's presidency chart

Biden released sweeping executive order to address climate change, environmental justice

  • Pledges to dedicate 40% of federal investments in clean energy, clean water, clean transit, affordable and sustainable housing, training and workforce development and wastewater infrastructure to neighborhoods disproportionately affected by pollution

  • Directs the U.S. Environmental Protection Agency to develop an environmental justice enforcement strategy.

  • Creates an Office of Environmental Justice within the Department of Justice.

  • Creates a National Climate Task Force, White House Environmental Justice Interagency Council, and a White House Environmental Justice Advisory Council.

  • Creates an Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization.

Source: White House

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Jan. 20

Biden signs executive orders to reenter U.S. into Paris Climate Agreement, review Trump actions that harm the environment and health


Jan. 25

Biden signs "buy American" executive order to boost medical supply chain, promote domestic development of clean energy technology


Jan. 26

Biden announces plan to buy 200 million more COVID-19 vaccines


Jan. 27

Biden signs order to put climate change at the center of U.S. domestic and foreign policy; order also paused new federal onshore and offshore oil and gas leases


Feb. 19

U.S. officially rejoins Paris Climate Agreement


Feb. 24

Biden signs an executive order launching a 100-day review of US supply chains for pharmaceuticals, critical minerals, semiconductors and large-capacity batteries


March 11

Biden signs American Rescue Plan Act, pumping a fresh $1.9 trillion into the economy


March 19

U.S. hits target 100 million COVID-19 vaccines administered ahead of Biden's target for shots during the first 100 days


March 31

Announcement of the $2 trillion American Jobs Plan and a proposed corporate tax hike to pay for it


April 15

Biden signs executive order naming the Russian Foreign Intelligence Service as the force behind SolarWinds cyberattack and blocking U.S. financial institutions from trading in Russian bonds


April 22

U.S. announces new nationally determined contribution under the Paris Agreement to cut U.S. greenhouse gas emissions by 50% to 52% below 2005 levels by 2030


April 22-23

Biden hosts Leaders Summit on Climate with representatives from 40 nations


As of April 26, 2021
Credit: Cat Weeks
Source: S&P Global Market Intelligence

Webinar

Politics & Policy: Pathways to Sustainable Recovery

Following an unprecedented U.S. transition to power, President Joseph R. Biden, Jr. took the oath of office on January 20, 2021. How will the Biden Administration establish a strategic agenda, as the country looks to recover from an economic downturn, with a rising tide of COVID-19 and vaccination rollout? The Biden Administration’s first 100 days of the year will prove crucial to set the tone for the U.S. economy with implications for the global recovery.

Join us for insights on critical policy shifts, cross-sector business challenges, looming environmental and infrastructure legislation, plus analysis on government’s ability to build resilience against foreign and domestic crises, and restore U.S. competitiveness.

Speakers from S&P Global

Courtney Geduldig
Chief Public and Government Affairs Officer, S&P Global

Paul Grenwald
Global Chief Economist, S&P Global

Mona Naqvi
Senior Director, Head of ESG Product Strategy, North America, S&P Down Jones Indices

Further Reading

The Next 1,361 Days

In his first 100 days in office, U.S. President Joe Biden made bold moves that keep sustainability issues at the heart of his regulatory and legislative agenda. Stay current with the implications of these decisions as the hard work now begins.


We’re here to help you accelerate your sustainability journey. Get connected with an ESG specialist who can advise you on your next steps.

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