New York State Comptroller Thomas P. DiNapoli issued the following statement regarding today’s SEC proposed rule on climate disclosure.
"Today's action by the SEC will provide investors with the robust climate disclosures that we have long advocated for. Access to consistent, comparable, and reliable information, across the marketplace, will greatly improve the state pension fund's ability to assess and address risks and opportunities as we navigate our path to net zero by 2040.
“We are all experiencing catastrophic and deadly weather events, droughts, rising sea levels, and economic disruption due to climate change. It is time for US companies to step up to the plate and develop, disclose and implement low carbon transition plans. It is our responsibility as investors to make sure the companies we invest in are prepared for the future, so they can be profitable and successful in the global marketplace. To do so requires us to have the information necessary to make informed investment decisions. Today's SEC rule does just that.
“I would like to thank Chair Gensler and the SEC staff for their work and leadership on this issue. We look forward to commenting further in the coming weeks."
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