Subject: S7-10-22: WebForm Comments from Sven Serneels
From: Sven Serneels
Affiliation:

May. 14, 2022

May 14, 2022

 Dear SEC

Herewith I would like to object to requirements for enhanced reporting on environmental standards.

While the objective to improve environmental standards through enhanced reporting may seem good at first sight, I doubt that either these rules will achieve that objective or that the SEC is the right vehicle to impose them.

The SEC should be in the business of regulating securities and exchanges for these, which are purely concerned with financial aspects. To bring aspects of corporate governance into financial reporting should not be under your purview. In fact, I see it as a badly veiled step to introduce a social credit score, which does not belong on this planet altogether. Moreover, the proposed rules will produce a windfall of bureaucracy the cost of which will eventually only be absorbed by consumers.

Specifically focusing on environmental standards, the EPA is both well equipped and in the right sector of governance to do so.

Please refrain from assuming that the SEC is in a position to take over other sectors of the government, focus on finance and drop this proposal immediately.

Best regards
Sven Serneels