CAC’s Margie Alt Statement on the SEC’s New Climate Disclosure Standard
For Immediate Release
DATE: March 6th, 2024
CONTACT: Catherine Gorman, cgorman@cacampaign.org
Today, the U.S. Securities and Exchange Commission (SEC) finalized a new standard requiring disclosure of information from publicly traded companies about climate-related risks and opportunities. The following is a statement from Margie Alt, Director of the Climate Action Campaign.
“For far too long, companies have operated in the shadows, withholding crucial information about the risks to their businesses caused by climate change.
“This new SEC climate change risk disclosure requirement is a welcome improvement for investors and the public. It requires companies to take responsibility for their contributions to the climate crisis and provides transparency about how climate impacts are creating risks for their bottom line. This standard will bring the U.S. in line with other countries that already have or will soon implement similar requirements. Finally, investors and consumers will have the reliable, consistent, and standardized information they need about companies’ carbon pollution and climate-related risks that they need to make informed investment decisions.
“We applaud the SEC for taking this important step. But even more must be done. Ultimately we need this kind of transparency and climate disclosure standard to apply to companies’ supply chains as well if investors and consumers are to be truly informed.”
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About Solutions for Pollution
CAC launched the Solutions for Pollution campaign in September 2022, with more than 200 advocacy partners, to encourage the Biden administration to use its existing authority under the Clean Air Act and other laws to set the strongest science-based standards to reduce pollution from transportation, power plants, and appliances, and to set additional standards that protect consumers and investors, lower energy costs, and advance environmental justice.
About CAC
Climate Action Campaign (CAC) is a vibrant coalition of advocacy organizations working together to drive ambitious, durable federal action to cut carbon pollution, address the climate crisis, advance environmental justice, and accelerate the transition to clean energy. Our goal is to reduce carbon pollution and accelerate the transition to clean energy through policies focused on climate, justice, and jobs and expanding opportunity for all.
