Tell SEC: Wall Street should not be able to hide its climate destruction

The Securities and Exchange Commission

Wall Street’s excessive financing of carbon pollution is a major – though often overlooked – part of the U.S. contribution to the climate crisis.

A report released in December 2021 by the Sierra Club and the Center for American Progress found that if the U.S. financial services industry was a country, it would be at least the world’s fifth-largest greenhouse gas emitter, just behind Russia.

These high levels of carbon emissions exacerbate climate change and create economic risks – physical and transitional – which ultimately harm investors, consumers, companies, banks, communities, and the broader economy.

To respond to this growing risk and assess whether companies have long term sustainable business models, investors, consumers, and other market participants need high-quality, comparable, and credible figures on companies’ and banks’ carbon pollution.

Demand the SEC make carbon emissions reporting mandatory by adding your name now.

To: The Securities and Exchange Commission
From: [Your Name]

Investors, consumers, and other market participants need high-quality, comparable, and credible figures on companies’ and banks’ carbon pollution, in order to respond to the growing risk of climate change and assess whether companies have long term sustainable business models.

The Securities and Exchange Commission (SEC) should use its regulatory authority to make sure that information is available by requiring mandatory Scope 3 emissions disclosure for all large companies and financial institutions, including disclosure of their financed emissions.