Oct. 01, 2022
October 1, 2022 Dear Chairman Gensler, I wholeheartedly support S7-10-22 \"The Enhancement and Standardization of Climate-Related Disclosures for Investors.\" The science is clear that human activity has contributed to climate change and that in the last few decades alone the measurable impact of this change has increased to an untenable level. It is encouraging that more publicly-traded companies are making commitments to reduce their greenhouse gas (GHG) emissions and making \"Net Zero\" pledges as part of their stated ESG goals. It is also encouraging that investors from large institutional investors and sovereign funds to individual investors from \"Mainstreet USA\" are increasingly interested in investing in companies that make these types of commitments. However, more clarity and more requirements are needed to ensure that investors who wish to invest in sustainable companies are doing so and not dealing with companies that are simply making empty claims or that \"greenwash\" their actual carbon footprint. I support any effort to make disclosures \"consistent, comparable, and reliable\" as the Task Force on Climate-Related Financial Disclosures has recommended. This proposal discusses the effect of the disparate frameworks for measuring GHG reductions. I agree with the SEC choosing one standard (GHG protocol's) and would suggest that the SEC and by extension the U.S. do all that it can to promote this standard internationally. Given our economic influence on the world, we can do much to ensure our chosen standard is adopted worldwide, similar to how GAAP accounting standards are widely recognized. Thank you for your consideration. Best regards, Glenn Oyoung