The United States lags far behind our global partners in safeguarding the financial system against the climate crisis, despite escalating calls for action from scientists, economists, business leaders, and investors.

By increasing market transparency through the establishment of clear, easily comparable climate disclosure standards, S. 1217 will empower investors to appropriately assess climate-related risks, safeguard against financial risk resulting from environmental catastrophes, and help the market transition from fossil fuels to cleaner, more sustainable energy sources in time to prevent the worst impacts of the climate crisis. A companion bill, H.R. 2570, has already passed the House.

Now the Senate needs to act.