Subject: Comment to File Number 4-730
From: Tiziana Pirola
Affiliation:

Nov. 11, 2018

SEC 
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549

RE: Comment to File Number 4-730

Dear SEC, 

The U.S. Securities and Exchange Commission should require corporate managers to be honest with their shareholders about how they are planning for the long term. 

Shareholders have a right to know if oil executives are trying to buy off politicians to slow progress on addressing climate change. They also have a right to know whether the company is cultivating diversity on its board or moving profits abroad to avoid paying taxes in the U.S. These are just a few examples of the environmental, social, and governance (ESG) risks that the SEC should require public companies to disclose to their shareholders and the public. In order to exercise our freedom as citizens and customers, we need to have all the information so that the decisions we make are based on complete evidence. Companies play an important role in shaping not only the economy, but our lives on aspects that are beyond our control, and the only way we can influence those aspects are through our buying choices - as individuals and as a society. 

Thank you for considering my comment.

Sincerely,
Tiziana Pirola