Jun. 12, 2022
June 12, 2022 I am writing on behalf of 15Rock to express our strong support for the Securities and Exchange Commission's (SEC) proposed rule that would require publicly traded firms to disclose climate-related financial risk information (S7-10-22). Almost every aspect of the U.S. and global economy, including energy production, infrastructure, agriculture, residential and commercial real estate, product supply chains, human health, and labor productivity, is already being impacted by climate change or will be in the future. Climate change poses significant risks to companies and their investors, including physical risks to real assets as a result of the increasing frequency and severity of extreme weather events and transition risks posed by changes in regulation, technology, and market preferences as we transition to a net-zero economy. After such disclosures, we believe the SEC should focus on climate governance and examine transition reporting expeditiously. If we do not make an immediate adjustment, climate change will disrupt our way of life. There is a considerable risk of public distrust as a result of the fact that many corporations make claims without demonstrating their activities, nor are their emissions data linked with their pledges this can have adverse effects on their stock prices. We believe that these pledges are material and must be treated as such. Investors require comprehensive information regarding investment risks associated to climate change. Thank you for proposing this regulation, and I urge the SEC to swiftly finalize it.