More than 35 groups today called on the U.S. Securities and Exchange Commission (SEC) to withdraw its proposal to rescind its 2024 climate disclosure rule. The 2024 rule, which is currently stayed in litigation, requires large public companies to disclose climate-related financial risk information to investors, including Scope 1 and 2 greenhouse gas emissions.
Led by Chair Paul Atkins, the SEC’s proposal ignores the reality of climate change as a growing source of financial risk for public companies and investors, as well as overwhelming investor demand for this more comparable, reliable climate disclosure. If finalized, the proposal would undermine transparency in capital markets to protect companies with high climate-related financial risks, the groups maintain.
“The proposal reflects the desire of Paul Atkins’s SEC to ignore growing financial risks from climate change and to deprive investors of essential information,” said Elyse Schupak, climate policy advocate for Public Citizen. “For polluting industries that seek to downplay their role driving the climate crisis and their exposure to related risks, finalizing the proposed rule would be a victory. The SEC should withdraw this proposal as it contradicts the Commission’s responsibility to facilitate transparency for investors and promote well functioning capital markets.”
“The 2024 climate disclosure rule set the SEC record for most comments ever collected on a regulation, and investors showed up nearly unanimously in support,” said Alex Martin, climate finance policy director at Americans for Financial Reform. “This move is another in a long string of recent SEC actions to empower corporations over investors, and reflects this administration’s far-reaching attempts to deny the reality of climate change. If finalized, this proposal will hurt workers saving for retirement by depriving people of information needed to assess companies’ financial risks due to climate change — and by endangering other critical disclosures as well.”
This content originally appeared on Common Dreams and was authored by Newswire Editor.
Newswire Editor | Radio Free (2026-08-03T17:51:37+00:00) SEC Should Withdraw Proposal Limiting Investor Access to Essential Climate-Related Information. Retrieved from https://www.radiofree.org/2026/08/03/sec-should-withdraw-proposal-limiting-investor-access-to-essential-climate-related-information/
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