The US has a chance fix its broken climate risk disclosure system

The US has a chance fix its broken climate risk disclosure system
Tim McDonnell
·7 min read

Government and investors are quickly moving to quantify the risks posed by climate change and make that part of their financial decision-making. The Securities and Exchange Commission (SEC) opened a 90-day public comment period in March that will inform the first update to federal climate risk disclosure guidelines in a decade. Shareholder groups and asset managers like BlackRock (CEO Larry Fink wrote in February that “climate risk is investment risk”) are pressuring boardrooms to improve corporate transparency around climate risks.