SEC Puts Its Head in the Sand on Climate Reporting

WASHINGTON, DC – The Securities and Exchange Commission proposed scrapping important climate disclosure rules today, a blow to investors who need to know about the risks companies face from extreme weather.  

Following is a comment from Tom Zimpleman, a senior attorney at NRDC (Natural Resources Defense Council): 

“The SEC is shirking its responsibility to protect investors. Climate risk is financial risk. Investors need to know the potential impacts to their portfolio from extreme weather or other climate risks, as the SEC concluded in 2024 based on a mountain of evidence.

“This reversal would mean investors are left in the dark about the material risks companies face from climate change.” 

NRDC (Natural Resources Defense Council) is an international nonprofit environmental organization with more than 3 million members and online activists. Established in 1970, NRDC uses science, policy, law and people power to confront the climate crisis, protect public health and safeguard nature. NRDC has offices in New York City, Washington, D.C., Los Angeles, San Francisco, Chicago, Beijing and Delhi (an office of NRDC India Pvt. Ltd).