The calls for the Securities and Exchange Commission (SEC) to mandate climate risk disclosure are growing louder. More than 500 investors, companies and individuals like you have endorsed a statement of support to the SEC, spearheaded by Ceres, making the case that reporting the material risks from climate change be required from all publicly traded companies in the U.S.
We know that what gets measured gets managed. If we are to manage the environmental and financial impacts of climate change, corporations must report on what those risks could mean to the bottom line, and what companies are doing to mitigate those risks. Today, we sent that message to the SEC loud and clear.
But climate change isn’t just an issue for the U.S, it’s a global problem that demands global action. Which is why our global investor statement has more than 457 investors managing $41 trillion in assets
calling on governments worldwide
to mandate climate risk disclosure, strengthen each individual country’s commitment for the Paris Agreement, commit to net zero emissions, and develop just transition plans for workers and communities most affected by the climate crisis.
We’ve never been this close to getting climate risk disclosure mandated by the SEC, and it’s encouraging that the Commission is now taking climate change seriously. The costs, both financially and environmentally are simply too high to ignore any longer. As the SEC begins to draft climate disclosure rules, we will continue to increase the support from investors, companies and other economic actors to make the legal and economic case for strong disclosure mandates.