From Environmental Leader, Published 11 February 2014
The US Securities and Exchange Commission (SEC) has not adequately addressed the climate disclosure deficiencies of publicly traded corporations, according to a report, Cool Response: The SEC and Climate Change Reporting.
The report is based on a survey of more than 40,000 SEC comment letters sent to companies in the last four years and an analysis of the state of S&P 500 company reporting on climate disclosure through the end of 2013.
Over 100 institutional investors around the world representing $7.6 trillion in assets formally supported the guidance on climate risk in 2010.
The report suggests the SEC:
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