Big investors are demanding more information about companies’ exposure to climate change, and the nation’s top securities cop seems inclined to give it to them.
Securities and Exchange Commission Chairman Gary Gensler has asked the agency’s staff to develop a proposal on climate-change disclosure by the end of this year. In comments submitted to the SEC, many big investors say they need the information.
“BlackRock believes climate risk is investment risk,” the world’s largest asset manager says in its comment letter. Vanguard’s letter says that gathering climate-related data now is an “ad hoc and cumbersome process.”
