The Securities Exchange Commission’s (SEC) long-anticipated climate-disclosure mandate is the latest evidence of our need for market-based, financially sound solutions to managing climate-related risks within the investor and business communities.
Last month, in a 3-1 vote, the Commission agreed to propose a series of new regulations requiring public companies to disclose not only their greenhouse gas emissions, but also climate-related risks that would “materially” impact their business and management processes for mitigating those risks. In the words of SEC Chairman Gensler, the rules will “…provide investors with consistent, comparable, and decision-useful information for making their investment decisions…”
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