Climate Change Disclosures High on SEC s Agenda | Wilson Sonsini Goodrich & Rosati jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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Elections have consequences, as they say, and one of those
consequences is new leadership at the SEC who bring with them a
markedly different agenda. In remarks yesterday to the Center for
American Progress, entitled
A Climate for Change: Meeting Investor Demand for
Climate and ESG Information at the SEC, Acting SEC Chair
Allison Lee provided important insights into where the SEC is
headed with regard to environmental, social and governance issues.
As Lee confirmed in the introduction to her speech, no single
issue has been more pressing for [her] than ensuring that the SEC
Elections have consequences, as they say, and one of those consequences is new leadership at the SEC who bring with them a markedly different agenda. In remarks yesterday to the Center .
SEC Solicits Public Comment on Climate Change Disclosure dodd-frank.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dodd-frank.com Daily Mail and Mail on Sunday newspapers.
March 15, 2021
Dust storms are a hazard of climate change, yet leading financial disclosure initiatives fail to include this and other hazards in their physical climate risk assessment guidance. Photo by Caleb Holder on Shutterstock.
This article originally was published on World Resources Institute.
The record-breaking wildfires and hurricanes of 2020 may not stand out as the worst catastrophes in a year defined by compounding crises. But these natural disasters are among the long list of physical climate hazards becoming more frequent and intense. Globally, natural disasters caused $210 billion in damages in 2020, $95 billion in the United States alone.
Scientific evidence tells us these trends will only worsen as global temperatures rise, taking a toll on human life, infrastructure, economic activity and financial stability especially if risks continue to go underpriced. By 2100, climate change could cost the global economy hundreds of trillions of dollars.