Private equity investment firms have quietly bought up close to 700 predominantly fossil fuel-fired electric power plants, making these Wall Street investment houses major greenhouse gas emitters.
AFREF and 17 partners submitted comments to the Department of Labor on its request for information on climate risk to retirement plans and pensions, urging further integration of systemic risks like climate change, environmental, racial, and economic inequality into the administration of private retirement plans and pensions and the Federal Thrift Savings Plan.
Washington, D.C. – Seventy percent of investors support the Securities and Exchange Commission (SEC) requiring all public corporations to disclose standardized information about their financial risks due to climate change. This finding comes from a new nonpartisan survey of investors completed by Embold Research on behalf of Americans for Financial Reform Education Fund and Public Citizen.
A nationwide survey of retail investors was conducted between March 18 and 29, 2022, by Embold Research on behalf of Americans for Financial Reform Education Fund and Public Citizen. Broadly, these survey results show that investors care about climate-related risks and opportunities of public companies, support the SEC requiring climate-related disclosures with third-party audit, and would factor the information disclosed into their investment practices.
WASHINGTON, D.C. — The Securities and Exchange Commission (SEC) has issued an important and thoughtful proposal to require mandatory climate financial risk disclosure from public companies. We look forward to commenting on ways that the proposal must be strengthened, in particular with respect to greenhouse gas emissions reporting and corporate climate-related impacts on communities.
Americans for Financial Reform delivered 16,658 petition signatures calling on the Securities and Exchange Commission (SEC) to make it mandatory for large companies and banks to disclose their total greenhouse gas emissions, including financed emissions, to investors and the public.
AFREF submitted comments to the National Credit Union Administration on its strategic plan for 2022-26, urging further incorporation and consideration of climate change, environmental, economic, and racial justice within its strategic goals and regulatory agenda.
Americans for Financial Reform Education Fund (AFREF) applauds the Office of the Comptroller of the Currency (OCC) for seeking comment on this strong first draft of principles to guide large banks on how to manage the risk that climate change poses to their safety and soundness.
Americans for Financial Reform Education Fund (AFREF) submitted comments to the Labor Department supporting a proposed rule that will allow and encourage private retirement plans and pensions to consider sustainability factors like climate change, workers’ rights, racial, economic and environmental justice, and corporate governance when investing and voting proxies.
Americans for Financial Reform Education Fund and Sierra Club were joined by 13 organizations in a comment letter to the DOL supporting a proposal to encourage fiduciaries to consider climate change and ESG factors, and calling for further actions to standardize sustainable investing for private retirement plans and pensions.