Advocacy Groups Against Scaling Back of Climate Risk Disclosures
Last March, the U.S. Securities and Exchange Commission (SEC) announced a proposed rule called Climate Risk Disclosures, which would require companies to share information around climate risks with the public and their investors.
Since that time, we have been covering this topic extensively under the purview that Climate Risk Disclosures are a major step forward in aligning the business community with the health of our planet.
Well, it’s no surprise that this rule has drawn intense opposition from corporate America, and SEC Chair Gary Gensler is considering scaling it back.
Once again, a potential win for big business? We shall see.
The final rule is expected to be released around April 2023, and many environmental advocacy groups are letting their voices be heard. Last week, Public Citizen, Sierra Club and Americans for Financial Reform Education Fund, submitted comments to the SEC.
These organizations made the argument that investors need to know how prepared public companies are for the physical impacts of climate and economic changes of the energy transition – meaning the rise in clean energy.
As always, the .earth domain tribe is ahead of the curve when it comes to this topic. Bravo.Earth, ClimateMatters.Earth, GBS.Earth, HHC.Earth, and Lobelia.Earth all offer solutions for companies aiming to meet the upcoming Climate Risk Disclosures requirements.
Perhaps the SEC will announce the go-forward of Climate Risk Disclosures on Earth Day 2023? We certainly hope so.
Either way, we will be moving forward with our annual .earth web domain Earth Day pricing promotion around the theme of “Invest in Our Planet” in April. This promotion presents an ideal opportunity to use the .earth web domain to develop landing pages and micro-sites to share reporting around all ESG efforts.
Stay tuned for more information around our 2023 Earth Day promotion. In the meantime, to learn more about the .earth domain, visit Voices.Earth.
In addition, many organizations and individuals are sharing their voices about the benefits of a .earth domain in our Voices.Earth podcast series.
Leave a Comment