Jun. 10, 2022
\*** Dear Ms. Countryman: I’m writing today as a long-term investor interested in humanity’s future to express my strong support for the Securities and Exchange Commission's (SEC) proposed rule to require publicly-traded companies to disclose climate-related financial risk information (S7-10-22). Climate change is already impacting or is expected to impact nearly every facet of the U.S. and global economy, including energy production, infrastructure, agriculture, residential and commercial property, and product supply chains, as well as human health and labor productivity. Climate change poses major risks to companies and their investors, including physical risks to real assets due to increasing frequency and severity of extreme weather events and transition risks posed by changes in regulation, technology, and market preferences as we shift to a net zero economy. Investors need transparent information about climate-related investment risks. Thank you for proposing this rule, and I urge the SEC to finalize it as quickly as possible. On the assumption the Commission doesn’t really care what law professors think, I write this in my capacity as an investor. According to your website, we investors apparently are the one that everyone at the agency advocates for. And, as Mahatma Gandhi said in a different context, this would seem to be a good idea. Take good care, Alan Palmiter PS - Can’t wait to see whether this is viewed as an individual comment letter or one bunched with all of those from Ceres. Or maybe you disregard it, given that I signed the one submitted by Fisch/Georgieve/Nagy/Williams. ***** Alan R. Palmiter William T. Wilson, III, Presidential Chair for Business Law Wake Forest University