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Advice for the SEC’s Gensler: If you want to get companies’ climate disclosures right, this is the way to do it

·4 min read
Advice for the SEC’s Gensler: If you want to get companies’ climate disclosures right, this is the way to do it

Securities and Exchange Commission Chairman Gary Gensler’s call for mandatory climate risk disclosure suggests the U.S. is back on the heroes’ side of the climate fight. Gensler said last week that he has asked agency staff to consider whether companies should be required to report their current emissions picture in their annual 10-K filings, in a standard and legally binding way. What investors really need to steer their portfolios are honest forward-looking statements from companies related to their exposures, and their plans to reduce their carbon impacts via capital expenditures and operating expenses.