Jun. 16, 2022
Hello. My name is Noreen Bagley and I’m from Encino CA. I’m writing today to express my strong support for the Securities and Exchange Commission’s (SEC) proposed rule to require publicly-traded companies to disclose climate-related financial risk information (S7-10-22). The risks to companies posed by climate change are well documented by numerous government studies and impact companies’ financials, making them essential information for investors, the public, and other market participants to be aware of when making investment-related decisions. In order to ensure that investors and the public have the best information possible, the SEC must make this proposal as strong and legally durable as possible and move quickly to finalize, implement, and enforce these disclosure requirements. By requiring that public companies disclose climate-related information in a reliable, consistent, and comparable manner, the SEC ensures that investors have access to standardized information about companies’ carbon pollution and climate-related risks. The rule will also put the U.S. closer to other countries already requiring these types of climate-related disclosures from companies or will shortly. Wall Street and Main Street investors and the general public need to be aware of how companies are impacted by the financial risks of climate change when making decisions about their portfolios and consumer habits. This proposal is well aligned with the SEC’s mission and within its authority to protect investors, ensure fair, orderly, and efficient markets, and facilitate capital formation, and I thank the SEC for issuing it. Noreen Bagley Executive Board San Fernando Indivisible Member Voices for Progress Member J Street Finance Committee