We need stronger climate disclosure rules to protect communities, consumers, and investors from the risks of the climate crisis.

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Dear Green American,

We need companies to reveal their growing risks from climate change.

California recently passed landmark laws requiring large corporations to disclose their financial risks from climate change. We now have until March 21 to ensure California requires corporations to fully comply.

Even if you don’t live in California, you should take action. The new rules will apply to an estimated 75% of Fortune 1000 companies across the United States.

We invite you to sign on to Green America’s letter telling California to implement strong climate disclosure rules to protect consumers, investors, and communities.

California will hear from corporations and trade associations across the country, so it’s important they hear from us as well!

SIGN HERE

SB 253, the Climate Corporate Data Accountability Act, requires companies with more than $1 billion in annual revenue to report both their direct and indirect greenhouse gas emissions. It also requires third-party assurance of reported data.

SB 261 requires companies with more than $500 million in annual revenue to report the climate risks they face and what they are doing about it.

Now state officials are writing the administrative rules to put these laws into practice. It is critical for California to have strong rules because the federal SEC climate disclosure rule has been held up in court indefinitely.

SIGN OUR LETTER

Green America’s letter stresses the importance of mandatory reporting that provides comparable and reliable information about how climate change is impacting companies, and how these companies are impacting the climate by emitting planet-warming pollution.

Investors need this information to avoid risky companies, and to push the companies in their portfolio to do better.

Consumers need this information to “vote with their dollars” and support companies that align with their values.

Communities need this information to hold companies accountable for on-the-ground harms from carbon pollution.

Act now to help ensure California requires maximum climate disclosure rules for corporations.

..................

Cathy Cowan Becker
Responsible Finance Campaign Director
Green America

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