Sustainable Business Leaders Welcome SEC Climate Disclosures Rule

The American Sustainable Business Network, an organization representing thousands of business owners and investors, today celebrated the finalization of the Securities and Exchange Commission (SEC) Climate Disclosures Rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors. Noting that climate change is one of the most serious risks facing the economy, the business group applauded the SEC for recognizing that climate risk is material to investors. 

ASBN’s members and community played an important role in the SEC’s rulemaking process, submitting more than 375 comments on the proposed rule in 2022.

“The SEC final rule marks an important first step in enhancing and standardizing climate-related disclosures for investors and the public,” said Mia Woodard, ASBN’s VP of Policy and Government Affairs. “Climate risk reporting is critical in creating a greater transparency into how climate change is impacting corporations, as well as the actions that they are taking.” 

Woodard added that the Climate Disclosures Rule’s increased transparency and accountability will benefit investors and business owners, who can more accurately assess their impact on the climate crisis as well as their ability to absorb costly climate risks.

ASBN encouraged the SEC to continue to listen to responsible business leaders as it takes additional steps to understand what may be missing from this rule, address any points of confusion, provide technical support, and ensure the goals of the Climate Disclosure Rule are met in future rulemaking.

Contact:
Mia Woodard, ASBN VP of Policy and Government Affairs, mia@asbnetwork.org