May. 31, 2022
Regarding the SEC proposed rule for Climate-Related Disclosures for Investors. As a person who has investments and has to read many disclosures and annual reports each year I can’t imagine why I would want to add that additional burden to any company. Climate related disclosures are purely politically motivated. This rule adds nothing to how a company is run or tells any one of its financial strength. Your job is not to clean up the world but to protect investors from poor business practices that may harm investors. Do that. If government agencies would stick to doing the job they were chartered to do the consumer would be better served. Now you want to clean up the environment by shaming companies to fall into line to a political agenda. Companies that want to disclose their environmental issues can be encouraged to do this voluntarily, not forced to add a layer of cost to the bottom line that doesn’t need to be there. Thank you, Mike Hitchcock, BSME, CLS, OMA-1