OAKLAND, CA — Today, California Environmental Voters (EnviroVoters) released the following statement in response to the Security Exchange Commission (SEC) adopting a rule that would require publicly traded companies to disclose their climate-related risks and carbon emissions.
The rule is a response to investors’ need for clear, consistent, and comparable reporting from public companies as the status quo has not allowed for comparability between companies’ disclosures.
Statement from Mary Creasman, Chief Executive Officer, California Environmental Voters:
“While it’s encouraging to see the SEC move forward with emissions reporting, it’s disappointing to see them out of step with the global community. Other countries, the China stock exchange most recently, are leaning into comprehensive emissions reporting based on the knowledge that Scope 3 typically makes up 90% of emissions.
Today’s announcement makes it all the more important for California to move forward with timely and robust implementation of SB 253 and 261 to help the U.S. stay competitive internationally. Thankfully these laws set a higher standard on reporting and disclosure more in line with the global conversation.”
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CONTACT:
Erika Guzman Cornejo
310-755-1615
erika@envirovoters.org
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ABOUT CALIFORNIA ENVIRONMENTAL VOTERS
California Environmental Voters (formerly the California League of Conservation Voters) believes the climate crisis is here and this moment requires transformative change. California has the policy solutions to stop climate change but lacks the political will to do it at the rate and scale that’s necessary. EnviroVoters exists to build the political power to solve the climate crisis, advance justice, and create a roadmap for global action. We organize voters, elect and train candidates, and hold lawmakers accountable for bold policy change. We won’t stop until we have resilient, healthy, thriving communities, and a democracy and economy that is just and sustainable for all. Join us at www.envirovoters.org and on Twitter, Facebook, and Instagram. See more press releases.
