March 8, 2024 – The American Sustainable Business Network (ASBN), representing thousands of business owners and investors, celebrates the finalization of the Securities and Exchange Commission (SEC) Climate Disclosures Rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors (Read more). Recognizing climate change as one of the most serious risks to the economy, ASBN applauds the SEC’s acknowledgment that climate risk is material to investors.
ASBN members played a critical role in shaping this rule, submitting more than 375 comments during the 2022 rulemaking process.
“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 for greater transparency into how climate change impacts corporations and the actions they are taking.”
This rule’s increased transparency and accountability will benefit both investors and business owners, helping them assess their impact on the climate crisis and their ability to absorb costly climate risks.
ASBN urges the SEC to continue engaging with responsible business leaders to clarify and strengthen the rule, address potential gaps, and ensure that climate disclosure goals are met in future rulemaking.
Media Contact:
📧 Mia Woodard, ASBN VP of Policy and Government Affairs – mia@asbnetwork.org
