Center for American Progress

To address climate change, the SEC should require corporations to disclose more information about their risks
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To address climate change, the SEC should require corporations to disclose more information about their risks

Authors Andres Vinelli and Tyler Gellasch argue that the U.S. Securities and Exchange Commission must modernize its rules around climate risk disclosures and financial regulations in order to provide investors and the public with complete, comparable, and reliable information to make informed decisions.

President Joe Biden has declared addressing climate change as one of his top priorities. Fighting climate change will entail many billions (if not trillions) of dollars in direct government spending and programs. It will also depend on the actions of private-sector companies.

But when it comes to climate risk, companies cannot be expected to regulate themselves. The government must enhance financial regulations to inform and empower market participants to better identify, assess, and address the risk posed by climate change.

The above excerpt was originally published in MarketWatch. Click here to view the full article.

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Authors

Andres Vinelli

Vice President, Economic Policy

Tyler Gellasch

Fellow, Global Financial Markets Center, Duke University School of Law