Jun. 13, 2022
Dear Securities and Exchange Commission, I’m writing today to express my strong support for the SEC's proposed rule to require publicly-traded companies to disclose climate-related financial risk information (S7-10-22). Climate change is already having an impact on EVERY region of the world, and its effects — including extreme weather and related climate-fueled disasters — are now also accelerating at even a faster pace than predicted by the scientific community. Humans and wildlife alike are suffering the consequences of an unstable climate and environmental degradation perpetuated by polluters. As climate-related disasters continue to increase in frequency and severity, the death and destruction left in their wake are becoming harder to grapple with. The promise of a stable financial system that can support the American economy is becoming more challenging to ensure, especially while investors and other market actors don’t have all the necessary information to make smart, climate- and community-forward investment decisions. I personally would like to see a sustainable American market that gives investors and other market actors the choice to support companies that try their best not to harm the environment, and those that proactively try to address climate change and related challenges. Other countries, like for example many within Europe, already require these types of climate-related disclosures from companies, so it is high time for the U.S. to step up and do the same. The environment and all that it provides us is priceless—not only do we enjoy national and state parks that offer us inspiring views and exciting glances at wildlife, but also does the biodiversity found across this nation provide us all with life-sustaining ecosystems. With global average temperatures on the rise causing large losses in biodiversity across all sectors, we are quickly losing what is precious to us and key to our very own survival. We need transparent information about climate-related investment risks. Thank you for proposing this rule, and I urge the SEC to finalize it as quickly as possible. Sincerely, Carla Jung