This week, the U.S. Securities and Exchange Commission announced a new rule requiring publicly traded companies to disclose climate-related information to their investors.
Requiring companies to disclose both how they are contributing to climate change AND how their businesses are affected by the changing climate is a necessary step towards transparency and fair financial markets.
As an example of why this is so important, Walmart has just announced they reached a critical new “Scope 3” milestone six years before their 2030 goal. So far, they have removed 1 billion metric tons of greenhouse gas emissions from their value chains!
With this rule in place, we can get even more big conglomerates on board to make investments in clean energy and reduce their carbon emissions by making sure their investors are fully aware of the risks they are posing to our environment.
SEEC Vice Chair Rep. Sean Casten has been an outspoken champion for this type of corporate climate disclosure for years. He originally introduced a bill that would require this action, well before it was on the agency’s agenda.
This is yet another example of how SEEC Members are at the forefront of climate policy making in Washington. If you support the work our members are doing to force large companies into adopting more sustainable energy practices, please donate today!
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- David @ SEEC PAC
