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.
For more on the survey results, read SF Fed Blog by Hishgee Jargalsaikhan, Sylvain Leduc, and Luiz Oliveira, as well as our FRBSF Economic Letter, How Are Businesses Responding to Climate Risk?
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.