Climate Finance Policy Engagement Analysis
Climate Lobbying Overview: As its remit is very clearly defined by Congress, the Federal Retirement Thrift Investment Board (FRTIB) appears unengaged on climate policy, except for one comment to the Department of Labor in 2022.
Top-Line Messaging on Climate-Related Finance Policy: In its 2022 letter to the Department of Labor, FRTIB recognized climate change as a systemic market risk and appeared to support reform to deliver a sustainable financial system.
Position on Regulated Corporate Climate Disclosure: In the same 2022 letter, FRTIB appeared supportive of the SEC’s efforts to regulate and standardize climate disclosures.
Position on Incorporating Climate Factors Into Investor Duties: In its letter to the Department of Labor on Possible Agency Actions to Protect Life Savings and Pensions from Threats of Climate-Related Financial Risk, FRTIB cautioned the Department against taking any steps to address climate risk that might “override the unambiguously expressed authority of Congress,” including auditing the appropriateness of Thrift Savings Plan (TSP) investment options, exposure to climate risk, or encouraging “more effective incorporation of climate-related financial risks into TSP.”
Industry Association Governance: FRTIB has not disclosed direct or indirect engagement with sustainable finance policy. InfluenceMap’s database has not identified any membership to industry associations.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q2 2024.