分析表明,投资者强烈支持SEC提议的气候披露规则

Oct 11, 2022 6:00 PM ET
Campaign: 气候变化
用笔指向图

CERES加速器董事总经理Steven M. Rothstein由可持续资本市场

投资者已经讲话了 - 他们强烈支持美国证券交易委员会提出的披露规则,要求公司披露气候风险信息,无论是身体上还是过渡。他们对SEC的评论牢固地强调了他们对标准化气候风险披露的支持,因此SEC可以履行其保护投资者,维护公平,有序和高效的市场并促进资本形成的使命。Ceres分析了320个机构投资者的评论信,包括资产所有人和资产管理者,他们共同拥有或管理超过50万亿美元的资产。我们研究了他们在SEC拟议规则中对关键规定的立场。我们的分析包括发送给SEC的直接信件,以及签署此声明以支持强有规则的投资者。

我们的分析指出了这些投资者的评论中发现的可靠支持,从而为SEC提供了有关投资者希望进展的明确指导:

Key Provisions 320 Institutional Investors
需要表格10-K的披露。
  • 270 investors mention
  • 97%的支持
将所需的披露与气候相关财务披露工作组的建议(TCFD)相结合。
  • 296个投资者提到
  • 100%支持
需要披露范围1和2温室气体排放。
  • 292 investors mention
  • 99%的支持
Require disclosure of Scope 3 GHG emissions with safe harbor if it’s material or if there is a target.
  • 297个投资者提到
  • 97%的支持
Require governance disclosures related to board and management oversight.
  • 262个投资者提到
  • 98% support
如果存在,则需要披露与气候相关的目标和目标。
  • 45 investors mention
  • 95% support
Require attestation of Scopes 1 and 2 GHG emissions.
  • 57 investors mention
  • 80%的支持

In their comment letters, at least 129 investors describe how they use climate-related data in investment decision-making and how standardized disclosure will improve the comparability, consistency, and reliability of this information.

  1. 资产经理受信托义务管理风险,包括气候风险的责任。投资者需要了解如何将气候风险纳入风险管理框架以及风险分析如何将饲料纳入业务决策中。鉴于基于科学的预测,气候变化会破坏社会,生态和金融系统,这对于长期投资范围尤为重要。
  2. Company financial performance is positively and negatively affected by material climate issues, over different time horizons.可以更好地了解投资决策,了解公司对物理和过渡风险的影响的暴露和过渡准备。不完整的信息会对公司的资本成本产生不利影响,并且与最高收入有关。
  3. 气候披露有助于投资者的知情资本分配和业务决策,从而改善了价值创造,降低风险和有效的投资组合设计。This information is used during due diligence and securities selection to help compare one company’s risk to its peers and, consistent with fiduciary duty, to determine position adjustment.
  4. Investors need to understand the magnitude of company-specific risk exposures to prioritize engagements and inform proxy voting.The failure of companies to appropriately manage and comprehensively report climate risk may lead investors to withhold support from board members. When they adopt a rule on climate risk disclosure, the SEC will join a growing number of jurisdictions throughout the world requiring TCFD disclosures, contributing to a global baseline that will benefit investors and companies. The SEC’s efforts will complement the work of the International Sustainability Standards Board, established last year by the IFRS Foundation. ISSB recently proposed a climate disclosure standard and is reviewing comments. 140 jurisdictions around the world currently follow the IFRS’ global accounting standards.

鉴于投资者在评论中强调了对可比,完整,决策的信息,对气候披露的需求和国际势头的明确需求。上个月,代表39万亿美元资产的532个机构投资者发布了最雄心勃勃的投资者呼吁政府在危机上采取行动,包括全球强制性气候披露的呼吁。

投资者在大声而清晰地讲话。现在是时候要求标准化的气候披露了。

[免责声明:投资者和其他人的评论反映了在简短分析中无法正确捕获的重要细微差别。有关SEC收到的评论的更多信息,请查看评论或查看气候风险披露实验室,毕马威会计师事务所以及英联邦气候和法律计划的分析。此外,成千上万的个人投资者也发表了评论,主要使用标准化信件。]