Subject: The Enhancement and Standardization of Climate-Related Disclosures for Investors: File Number S7-10-22
From: John Palatiello
Affiliation:

Jun. 15, 2022

 


Vanessa A. Countryman
Secretary, Securities and Exchange Commission
100 F Street NE
Washington, DC 20549-1090
 
Dear Ms. Countryman:
 
The U.S. Geospatial Executives Organization (U.S. GEO) is an informal coalition of senior executives of the nation’s lead geospatial firms.  Our members are among the most qualified and competent professionals in surveying mapping, land records, and geographic information systems (GIS).
 
U.S. GEO believes the proposed SEC rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors has a serious flaw, oversight, and shortcoming.  We have numerous concerns about the practicality of the proposed rule and its impact, not only on publicly traded companies, but privately held small businesses as well. In order for the SEC to administer, oversee, and manage this rule, it must have in place a system to measure, monitor, verify, and validate information about climate-related risks and metrics of each registrant, including suppliers and customers.
 
As has been well documented in numerous studies and reports by and for the Federal government, the United States lacks a national parcel system or inventory.  This baseline data, which the SEC would need to implement this rule, does not exist.
 
We would respectfully recommend that such a parcel system be created, addressed, and implemented in the final rule.
 
The following are links to several such studies, reports, and documents:
 
https://www.fgdc.gov/resources/whitepapers-reports/CRS_Reports/CRS-R40717-Issues-Regarding-a-National-Land-Parcel.pdf
 
https://www.iaao.org/uploads/FGDC_609_Report.pdf
 
https://nationalcad.org/ParcelDashboard/index.html
 
https://www.fig.net/resources/proceedings/fig_proceedings/fig2010/papers/ts07a/ts07a_cowen_buhler_4022.pdf
 
https://www.fgdc.gov/resources/whitepapers-reports/annual%20reports/2009/web-version/index_html#Main
 
https://cdn.ymaws.com/www.mapps.org/resource/resmgr/federal_issues_parcels/letter_commending_chairmando.pdf
 
https://nap.nationalacademies.org/catalog/10989/need-for-a-multipurpose-cadastre
 
https://nap.nationalacademies.org/catalog/11978/national-land-parcel-data-a-vision-for-the-future
 
Please do not hesitate to contact me if you desire further information.
 
 
John M. Palatiello 
Founder, U.S. GEO
Miller/Wenhold Capitol Strategies, LLC
10340 Democracy Lane, Suite 300
Fairfax, VA 22030