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Schatz Statement On Landmark SEC Climate Disclosure Rule

WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) released the following statement on the U.S. Securities and Exchange Commission’s (SEC) new proposed rule requiring publicly traded companies to disclose their climate risk exposure.

“The SEC took a crucial first step to protect investors from material risks related to climate change. Investors need to know exactly how exposed individual companies are to climate risks. For that, they need consistent, comparable, and detailed data. This rule will give investors mandatory, standardized disclosures that they can compare across different companies. The rule can and should be strengthened in certain key areas, and I look forward to engaging with the Commission to ensure it meets the market’s demands for decision-useful data.”