HP, Salesforce and Apple support SEC action on mandatory climate risk disclosure
Does this action support or obstruct progress on climate policy?
Each company’s statement expressed support for SEC rules that would require companies to publicly disclose emission reduction goals and third-party reviewed Scope 1, 2, and 3 emissions. HP and Salesforce also signaled support for mandatory climate risk disclosure more broadly.
Requiring companies to disclose comparable, specific, and decision-useful climate risk information will help investors price assets accurately and allocate capital efficiently. By highlighting additional benefits of mandatory climate risk disclosure for issuers, companies can accelerate SEC action and ambition.
According to our expert…
“Recent statements from Apple, HP, and Salesforce are a powerful reminder that mandatory climate risk disclosure benefits both investors and companies. Updated disclosure rules can help companies manage investor demands, improve climate risk analysis, and track climate progress against competitors. As the SEC moves towards formal rulemaking on climate risk disclosure, we encourage other companies to voice their support as well.”
Gabriel Malek, Investor Influence Coordinator
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– Fred Krupp, President of Environmental Defense Fund