On June 14, 2021, Better Markets filed a comment letter in response to an SEC request for public input on climate change related disclosures. Better Markets applauds the SEC for beginning the process of engaging on this critical issue. We urge the agency to create robust mandatory climate related disclosures that will allow investors and firms to come to terms with the profound material risks presented by our rapidly changing climate.
In order to make sound and informed choices, investors must have access to accurate information about companies’ operations and the risks they face. A disclosure regime established by the SEC is essential to the efficient operation of our equity markets.
Climate change will have a drastic impact on every aspect of our economy and promises to disrupt the operations of countless businesses. More frequent and less predictable weather events will cause billions in damages, while the process of decarbonization will devalue assets. Without robust and standardized disclosures it will be impossible for investors to assess these risks. The SEC must acknowledge the obvious materiality of climate risks and implement a uniform disclosure regime as soon as possible. Read our full comments here or by clicking the button below.