Jun. 14, 2022
Secretary Vanessa A. Countryman Countryman, All investors–including working people who have a retirement plan like a 401K, pension, or IRA–and their investment managers need access to standardized, comparable information about companies’ vulnerability to climate change, their current greenhouse gas (GHG) emissions, and their plans to manage climate risks and make good on their public climate commitments. The current practice of permitting companies to voluntarily choose what and how they want to report, is unacceptable. Without a standardized format and a requirement for the same information most people will have no way of comparing companies data. I support the Securities and Exchange Commission (SEC)’s recent proposal (87 FR 21334; File No: S7-10-22) to require public companies to make standardized, mandatory disclosures about their climate-related financial risks within annual SEC filings. This proposal is important since the current voluntary disclosure requirements is not working. Sincerely, Mark Levin