September 17, 2018
Market Watch: Elizabeth Warren leads push by Democrats to force public companies make climate-risk disclosures
Elizabeth Warren of Massachusetts is spearheading an effort by Democratic senators to bring a bill that would require public companies to disclose more information about their exposure to climate-related risks.
The bill, called the Climate Risk Disclosure Act, would direct the SEC, in consultation with climate experts at other federal agencies, to issue rules within one year that require every public company to disclose:
• Direct and indirect greenhouse gas emissions
• All fossil-fuel related assets it owns or manages
• The effect on the company’s market valuation if climate change continues at its current pace or if greenhouse gas emissions were restricted in compliance with the Paris accord goal; and
• What strategies are in place to address the physical and transition risks posed by climate change.
Read the full article on Market Watch's website here.