350 Humboldt is working with the Americans for Financial Reform Education Fund to rally a nationwide movement of activists, everyday investors, and retirement savers to support the Securities and Exchange Commission (SEC)’s new proposed rule on climate-related financial risk disclosures.
Even as the climate crisis worsens around us, working people like nurses, teachers, and firefighters who have a retirement plan like a 401K, pension, or IRA, do not have access to mandatory, standardized information about these risks for publicly-traded companies.
The SEC’s new proposed disclosures would give investors more information about all public companies’ climate-related financial risks. It would also give small investors, like retirement savers with 401ks or pensions, access to the same quality, standardized information as large, wealthy investors. Together, the proposed disclosures will help level the playing field for all investors. It will also very significantly reduce greenwashing.
As you might expect, Wall Street is already mounting aggressive opposition to deprive investors of this critical information and continue to hide the full extent of their climate-related financial risk. An independent look at the rules and their opponents can be found at: https://www.resources.org/special-series-sec/introducing-a-special-series-on-the-proposed-climate-disclosure-rule/?
If enough of us speak out, we can stop Wall Street in its tracks. Please send a strong message in support of annual, mandated standardized information about public companies’ climate-related financial risks, their contributions to climate change, and their plans for remaining solvent in a low-carbon economy by taking action now.
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Thank you for taking action today.
350 Humboldt Steering Committee