U.S. Sen. Elizabeth Warren on Monday proposed legislation that would require public companies to disclose more information about their exposure to climate-related risks.
Warren’s bill would direct the Securities and Exchange Commission to issue rules to require each company to detail its greenhouse gas emissions; its total amount of “fossil fuel-related assets;” how its valuation would be affected by certain climate change forecasts; and its risk management strategies related to climate change.
“Climate change is a real and present danger,” the Massachusetts Democrat said in a statement, “and it will have an enormous effect on the value of company assets. Investors need more information about climate-related risks so they can make the right decisions with their money.”
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