How much do businesses contribute to climate change, and how does it affect them? The Securities and Exchange Commission is set to make a big statement on Monday that will address these concerns. The country’s fiscal policy chief is likely to suggest new regulatory measures that require companies to streamline their contributions to greenhouse gas emissions and how climate change could affect their operations.
It is part of a global push by regulators to acknowledge climate change as a threat to their economies and financial systems. Investors are asking companies to identify potential risks from climate change. But some businesses are concerned that climate change could be dangerous. Here is what to know before the SEC announcement. Some companies, including Apple, have introduced their own greenhouse gas emissions and those from their suppliers. But the US does not have clear guidelines on what companies actually have to report to their investors when it comes to weather and risks. The SEC wants to change that.
Any legislation proposed by the four SEC commissioners, headed by Chairman Gary Gensler, will be subject to public response time. “The whole new focus will be on weather forecasting, and what it will mean for companies, investments, and, of course, the weather itself,” said Rachel Goldman, a partner at the law firm Bracewell said: “Why the climate change laws? The push is coming from investors themselves, who are very keen to know how climate change can affect the businesses they invest in.”
The White House also wants to tackle climate-related financial risks. President Biden issued an executive order last year urging the federal government to help identify the risks posed by climate change. Climate change is killing people, but there is still time to change that. Climate change is killing people, but there is still time to change the situation. and has continued under Gensler.
“When it comes to weather risk alerts, investors are raising their hands and asking more regulators,” Gensler told a conference on green investments last year. Today, investors are increasingly wanting to understand the weather risks that companies have their products in or can buy, ”he added. Do companies support climate change information? Many companies acknowledge the impact of climate change and many have already agreed to attend net-zero emissions.
