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.
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.
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
Biden signs executive orders to reenter U.S. into Paris Climate Agreement, review Trump actions that harm the environment and health
Biden signs "buy American" executive order to boost medical supply chain, promote domestic development of clean energy technology
Biden announces plan to buy 200 million more COVID-19 vaccines
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
U.S. officially rejoins Paris Climate Agreement
Biden signs an executive order launching a 100-day review of US supply chains for pharmaceuticals, critical minerals, semiconductors and large-capacity batteries
Biden signs American Rescue Plan Act, pumping a fresh $1.9 trillion into the economy
U.S. hits target 100 million COVID-19 vaccines administered ahead of Biden's target for shots during the first 100 days
Announcement of the $2 trillion American Jobs Plan and a proposed corporate tax hike to pay for it
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
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
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
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
Chief Public and Government Affairs Officer, S&P Global
Global Chief Economist, S&P Global
Senior Director, Head of ESG Product Strategy, North America, S&P Down Jones Indices
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.