Open Letter: How Business Leaders Should Prepare On Heels of the SEC Climate Proposal
TEMPE, Ariz., March 22, 2022 /PRNewswire/ -- Kentaro Kawamori, Co-founder and CEO of Persefoni, the leading Climate Management & Accounting Platform (CMAP), issued an open letter to executives and directors of publicly traded firms and financial institutions urging them to act now to track, benchmark, and disclose their greenhouse gas emissions inventories in the face of the Securities and Exchange Commission's (SEC) new carbon disclosure proposal announced today. The full statement is below.
- The SEC has proposed new rules that, once adopted, will require your company to disclose its carbon footprint in reports filed with the SEC.
- The platform enables rigorous, reliable, and real-time carbon accounting so that company leaders can develop business strategies to thrive in a low-carbon economy.
- This is very positive as it marks an important step toward much needed convergence and harmonization of climate reporting standards.
- The proposal further outlines mandatory financial statement disclosures related to the financial impacts of climate change on the company.