Jan. 18, 2022
To whom it may concern: The SEC has the statutory power to hold companies more transparent/accountable/responsible when making promises, such as commitments to making large donations to help improve racial and social justice and then not following through on their promises. This type of greenwashing is good for their public relations, but bad for reputations if their not following through becomes public knowledge, as in the case for Black Lives Matter (BLM) corporate pledges, totaling billions of dollars. Therefore we support the petition by Mr. William Michael Cunningham to make companies more transparent/accountable/responsible when making commitments based on the points below. Transparency of corporate conduct is a benefit to investors and other stakeholders Investors and the public deserve accountability of corporate financial promises Corporations have acknowledged their role in helping end racist practices in society and the economy by making BLM pledges. There should be integrity to the pledge process. We are a Registered Investment Advisory firm with over $45 million under management. With Gratitude! Allan W. Moskowitz, CFP® AIF® Principal, Certified Financial Planner, licensee, and Accredited Investment Fiduciary