On March 21st, the Security and Exchange Commission (SEC), issued proposed climate-related disclosures. The rules were proposed for publicly traded companies that report to the SEC.
The SEC is proposing these rules to protect investors because they felt that the current rules did not adequately protect investors when it comes to climate-related risks.
“The SEC wanted to bring less fragmentation into the way that you report and how they report.” -Gaida
SustainaBase provides a climate accounting platform for brands, software companies, and governments. Giada has been tracking this disclosure for quite some time, so it's not a big shock to her or others in the industry.
These climate disclosures are going to be tied to a line item in a financial statement, and that's really a great thing for investors to be able to see because they can assess a company based on how they're planning for this transition in the world, and how they're planning for climate risks.
“I believe it's going to become just like any other compliance measure.” -Gaida

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