Mar. 22, 2022
Climate risk is financial risk. Investors need transparency from U.S. companies on their greenhouse gas emissions and how they’re addressing climate risk. By meeting investor demands for disclosure, transparent companies will be more competitive, innovative, clean. Climate disclosure is a critical step to help companies get ready for a net zero carbon economy. The U.S. Securities and Exchange Commission (SEC) just released a proposed rule for mandatory climate disclosure from all publicly listed U.S. companies, called The Enhancement and Standardization of Climate-Related Disclosures for Investors. The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. With this proposed rule, the SEC is responding to the need by investors for clear, consistent and comparable reporting from companies to produce useful investment insights and ensure financial markets can properly price and act on the physical and transitional risks and opportunities of climate change. The new rule will help protect my investments by requiring companies to report their greenhouse gas emissions and climate risks. Please make this rule law. Thank you, Joe Day