Apr. 20, 2022
Hello, I’m writing to express my support for the proposed climate-risk discourse rule as an occasional investor and, as a human, and with the understanding that scientific understanding is mankind’s greatest ally to navigating complex situations. The SECs mission is to “protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation”. Without mandatory discourse, climate risk is not efficiently priced into market prices. Even investors who care deeply about climate issues, such as myself, are unable to make informed investment decisions in the current disclosure environment. Wealthy investors have access to climate risk engines that can price this risk, but retail investors do not. This is fundamentally unfair, and undermines the SEC’s mission. Requiring disclosures of climate-risks (both physical and transition, including Scope 3 carbon exposure) is necessary to protect investors from unknown exposure to these risks. Disclosure is also necessary to level the playing field between institutional and retail investors in the public markets. Please pass this rule! Best, Dylan Kane