The Biden administration wants the Securities and Exchange Commission to require companies to disclose information about their greenhouse gas emissions, a proposal endorsed in a report released today by the Center for American Progress.
The proponents contend that mandatory and uniform standards for reporting the information would increase transparency for investors and mitigate the risk that climate change poses to the financial system.
The report recommends the SEC require all public companies to disclose direct and indirect greenhouse gas emissions. It also calls for mandating companies, including financial institutions, to disclose climate-related risks associated with their operations, and urges the ...