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BlackRock Urges SEC to Change Climate-Risk Disclosure Plan (1)

June 22, 2022, 1:13 PM

BlackRock Inc. is pushing back on key parts of the US Securities and Exchange Commission’s bid to get publicly traded companies to track and disclose their greenhouse gas emissions.

The agency’s approach threatens to increase compliance costs for firms and may unintentionally make it harder for investors to discern information that’s significant to a company’s bottom line, BlackRock said in a letter to SEC. The firm, among the leading advocates for sustainable investing, said it supports the overarching goal of having public companies disclose climate-related information.

Photographer: Jeenah Moon/Bloomberg

The letter is one of many filed with the agency last week ...