Ceres Opposes Proposal to Rescind SEC Corporate Climate Disclosure Rule
Ceres, a sustainability nonprofit, strongly opposes a proposal to rescind the SEC's corporate climate disclosure rule. The organization argues the rule was designed to protect American investors by requiring clear, consistent climate-related data from companies, and that rescinding it would reduce transparency and accountability in the marketplace. Investors have been calling for such disclosures for two decades.
Key quotes
A proposal announced today to rescind the federal corporate climate disclosure rule will 'take us back, not forward, in our efforts to bring more accountability and transparency to the marketplace,' said Steven M. Rothstein, Chief Program Officer at Ceres.
The SEC rule was put in place to support American investors, but this proposal to rescind it will leave them in the dark.
For two decades, investors have called for clear, consistent, and decision-useful information on companies' exposure to risks and opportunities, including climate-related data.
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