The US has a chance fix its broken climate risk disclosure system

Government and investors are quickly moving to quantify the risks posed by climate change and make that part of their financial decision-making. The Securities and Exchange Commission (SEC) opened a 90-day public comment period in March that will inform the first update to federal climate risk disclosure guidelines in a decade. Shareholder groups and asset managers like BlackRock (CEO Larry Fink wrote in February that “climate risk is investment risk”) are pressuring boardrooms to improve corporate transparency around climate risks.