Friends Fiduciary submits formal comments to the SEC on corporate climate disclosures

Friends Fiduciary has joined other investors in submitting comments on the SEC’s proposed rule “Enhancement and Standardization of Climate-Related Disclosures for Investors.” Climate-related disclosures are critical for effective investment analysis and decision-making. This historic proposed rule will drive standardized disclosures and provide investors with decision-useful climate-related financial information. Current voluntary disclosures are inadequate in meeting investor’s needs for comparable, consistent, and reliable information from issuers. This proposed rule will make climate risk disclosures mandatory for companies, thereby establishing a baseline of climate risk information accessible for investors like Friends Fiduciary.