From Wes Rogerson, EDF Action <[email protected]>
Subject Will you protect your finances from climate change?
Date May 16, 2022 5:46 PM
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Dear John,

The U.S. economy is healthiest when investors have all the information necessary to make smart decisions for their financial futures. But for many Americans, one financial blind spot continues to threaten their assets and savings – climate risks.

Climate-related financial risks are already significant and growing every day. In the last two years alone, the United States has suffered from more than 40 weather and climate disasters where each caused at least one billion dollars in economic damages. Events like these are exactly why we need to urge asset managers and publicly traded companies to disclose their risks from climate change — because our financial future depends on their stability. And we deserve to know the risks.

The SEC has the clear and explicit authority to ensure publicly traded companies disclose financial risks. Show your support for their proposed rule and help ensure investors have the relevant information they need to make prudent financial decisions. [link removed]

The SEC’s proposal is designed to help fulfill this objective and aims to equip investors with relevant climate risk information necessary to make sound investment decisions. If adopted, it would require companies to be transparent about the impact climate-related disasters have on our economy — such as extreme weather, which continues to threaten our economic infrastructure and strain our supply chain.

Last year alone, extreme weather events — such as wildfires, floods and storms — caused more than $145 billion worth of damage across the U.S. And as we look ahead, it’s likely to get worse. As this threat continues to loom over our economy, we must ensure that all investors have the full picture, so everyone can protect their assets from climate risks and understand what companies are doing behind the scenes to help mitigate this issue.

We deserve to understand the size and scope of climate risk, and the SEC’s proposal is a welcome step toward that goal. Submit a public comment today and put the U.S. on track to build a more efficient market and stronger economy. [link removed]

Thank you for your support,

Wes Rogerson
Manager, Grassroots Organizing & Activism

Investors deserve to know the facts about climate risks!
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