Oct. 12, 2023
Dear Chair Gensler, I am writing to express a strong belief that the final SEC rule regarding disclosure of emissions, including Scope 1, 2, and 3, is crucial to giving investors a clear picture of businesses they may wish to invest in. Many companies tout their climate goals and achievements in reducing emissions to the public and investors as a reason for those parties to continue to support the firm, but without clear disclosure rules that inform both customers and investors of firms' vulnerabilities and current practices, it is impossible for consumers and investors to make informed choices. Additionally, the current system of reporting makes risk projections for firms in industries that are particularly vulnerable to the effects of climate change (e.g. Agriculture) difficult if not impossible. Issues like these, where there is a lack of transparency in firms real risks and behaviors, are where the SEC is obligated and uniquely placed to make a difference. I strongly urge the Commission to include the disclosure of Scope 1, 2, and 3 greenhouse gas emissions as well as risk assessment posed by climate change for specialized industry. Sincerely, Mike Hartz