Send a Comment Supporting the SEC’s Proposed Disclosure Rule on Corporations’ Climate-related Financial Risks
The Securities and Exchange Commission (SEC)has finally proposed a rule to protect investors from climate-related financial risk. If finalized, these rules would protect everyone — nurses, teachers, and firefighters — anyone with retirement plans like a 401K, pension or IRA form disasters caused by climate change.
The rule works by setting mandatory, standardized disclosures about climate risk to give investors information they need about a company’s vulnerability to climate change and current global warming emissions. The rules would also require companies to explain their plans for reducing pollution and the risk of a climate-fueled disaster risks.
The draft rules are a great start, but they could be stronger. Use the form on this page to send a comment supporting the rule, and also encouraging the SEC to include disclosures around environmental justice, Indigenous rights, a just transition, and community-level impacts.
Without these rules, corporations can pick and choose what to disclose about climate change, the risks to their investments, and more. Unless the SEC adopts new rules requiring better information, corporations will keep greenwashing with fake "net zero" climate plans, and investors will be left holding the bag when disaster strikes.
Dirty, fossil fuel profiteers and rich investment banks are already lobbying against the SEC’s proposed rules. Take action with fellow climate hawks today and demand they hold corporations responsible for their climate risks.
