September 17, 2018
Pensions&Investments: Climate risk disclosure bill introduced in Senate
Legislation aimed at helping investors assess climate-related risks was introduced Monday by Sen. Elizabeth Warren, D-Mass., and seven Democratic senators.
If passed, it would require the Securities and Exchange Commission to issue within one year rules requiring every public company to disclose direct and indirect greenhouse gas emissions, the total amount of fossil-fuel related assets that it owns or manages, how valuation would be affected and risk management strategies. Disclosure requirements would be tailored to different industries.
Ms. Warren said in a statement that climate change "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 ... Climate change can be an economic opportunity if we act boldly and decisively."
Read the full article on the Pensions&Investments website here.