Sep. 15, 2022
Dear Chair Gensler, I am reaching out to you today as an environmentalist AND a concerned investor. Specifically, I am asking you not to back down on climate disclosure rules, but, rather, to protect them. The steps you’ve taken to make it easier for investors like me to understand our climate risk in our portfolios are so important, and I would like to see strong greenhouse gas disclosures in your final ruling later this year. Transparency from financial institutions about their GHG emissions is going to become increasingly critical for investors as the world and the market adjust to a warming climate. I don’t want to invest in companies that are disproportionately contributing to global warming — not just because I don’t want my money supporting polluters, but ALSO because I just don’t consider it a sound financial decision. As we make a global transition to clean energy, companies who are failing to reduce their scope 1, 2 and 3 greenhouse emissions are quickly going to be at a disadvantage and a bad investment. It is unfair to keep concerned people like me in the dark about the climate risk of the corporations we invest our money in. This stuff just shouldn’t be shrouded in mystery, at this point. There’s too much at stake, both financially and environmentally. Thank you for the important work you’ve been doing on this issue, and please continue to fight for the rights of people, not polluters. Best, Hallie Bulleit Morristown, NJ