Sep. 15, 2022
Dear Chair Gensler, I'm writing to thank you for taking steps to make it easier for investors like me to understand climate risk. Companies not working to reduce greenhouse emissions may not be prepared for a future in which economies are adopting policies and taking steps aligned with the Paris Agreement. As an investor hoping to maximize returns, I want to know which companies are preparing to be successful in a low-carbon world. With this information, I can better predict which companies are likely to continue to be profitable as economies transition to clean energy; these are the companies in which I'll trust my savings. Earlier this summer you proposed a rule to require publicly traded companies to disclose "material" Scope 3 emissions, and many investors asked you to make this a requirement for all large public companies. Please listen to the voices of regular people like me, not just big corporations looking to hide their risks. Thank you for using your power to ensure investors like me have the information necessary to make smart investing decisions for a low-carbon future. As you prepare to finalize these rules, I look forward to seeing strong greenhouse gas disclosures, inclusive of Scope 3 emissions, in your final ruling later this year. Sincerely, Michelle Scherer