Unpacking the Proposed SEC Rule on Climate Risk Disclosure
Climate change poses major risks to the stability of the U.S. financial system. To manage these risks, investors need comparable, specific, and decision-useful corporate climate disclosures that are not provided through existing voluntary frameworks.
New draft rules for mandatory climate risk disclosure, published by the Securities and Exchange Commission on March 21, 2022 would, if finalized, help investors price climate risks accurately and allocate capital prudently and efficiently through access to comparable, specific, and decision-useful climate risk information. The draft rules are open for public comment through at least May 20, 2022.
In this webinar EDF+ Business Project Manager Gabriel Malek moderated a conversation with Michael Panfil, Lead Counsel and Director of Climate Risk Strategies of EDF, Wendy Cromwell, Head of Sustainable Investing for Wellington Management, and Fitzann Reid, Deputy General Counsel with Engine No. 1, on key elements of the SEC proposal and the role of investors in submitting public comments to support a final rule that best serves investment decision-making.