To better understand how businesses are responding to a changing climate, the San Francisco Fed launched its first business survey within the District focused on climate risk. Overall, respondents agreed that continued sustainability gains will require a long-term commitment to learning about climate risk, putting formal mitigation strategies in place, and assessing the results.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.