May 28, 2021
As an investor I am concerned that these disclosures will have a negative effect on the market value of these newly-regulated businesses. I am concerned that the pressure exerted by larger funds will make businesses less effective, causing development of less products and increasing costs in order to meet new, unnecessary standards. Businesses are already required to disclose climate risks to their investors but these new disclosures would put them in a one size fits all category. One size fits all regulation is a lazy attempt to fix a more complex issue. It is also unfair that this applies to only public companies. This makes it seem that the new rule is merely attempt at bypassing Congress to make climate policy regulation. Pollution regulations coming from the EPA are acceptable, but these new regulations from the SEC subvert our normal regulatory system and fall outside the purview of the SEC.