California Attorney General Rob Bonta led a coalition of 20 attorneys general in submitting comments to the Securities and Exchange Commission (SEC) on its proposed rule to require climate-related financial disclosures. The comments explained that the rule would help lessen financial risks for states and investors by providing them with standardized data about companies’ climate risks. The comments also explained how this rule would help curb greenwashing by companies, which poses additional risks to investors. The AGs urged the SEC to strengthen the rule and ensure transparency through several specific, additional requirements and tightened compliance dates.
- Documents: Comments
- Document Type: Comment Letters
- States: California Colorado Connecticut Delaware Hawaii Illinois Maine Maryland Massachusetts Michigan Minnesota Nevada New Mexico New York Oregon Rhode Island Vermont Washington Washington, D.C. Wisconsin
- Agencies: Securities and Exchange Commission
- Issues: Climate Adaptation & Resilience Climate Liability Consumer Protection
- Era: Biden Administration
- Action Type: Rulemaking & Other Federal Administrative Proceedings