Climate Change Archives - Page 14 of 17 - Americans for Financial Reform

Letters to Regulators: Treasury Climate Finance Report

Americans for Financial Reform joined 38 organizations urging Secretary Yellen to produce a bold Treasury climate finance report. Climate change poses an existential threat to the economic security of households and communities across the nation and to the financial system. As the Chair of the FSOC, it is up to Secretary Yellen to lead the writing of a Treasury report that can serve as a comprehensive roadmap that recognizes the urgency and severity of the climate crisis, includes specific policies beyond assessment and disclosure, and encourages each of the independent agencies to use all available tools to mitigate climate risk and its drivers.

Letters and Statements: 32 Orgs urge President Biden to address Fed’s failure on climate risk

Dear President Biden,

We are deeply concerned by the lack of progress being made by the Federal Reserve Board of Governors (the Fed) on the assessment and mitigation of climate risk in the financial system. The Fed has failed to take proactive measures to address the risks that banks and the financial system face from climate change. This must change.

Letter to Regulators: AFREF and Public Citizen Submit Joint Comments to the SEC on Climate and ESG Disclosure

Americans for Financial Reform Education Fund and Public Citizen submitted a joint comment letter to the SEC calling for mandatory climate and ESG disclosures for all issuers, in response to Commissioner Allison Herren Lee’s Request for Public Input. “A growing chorus of bipartisan U.S. financial regulators

Letter to Regulators: AFREF, Public Citizen, and 60 Partners and Securities Law Experts urge SEC to Require Climate and ESG Disclosures

Americans for Financial Reform Education Fund and Public Citizen were joined by 60 organizations and securities law experts in a comment letter to the SEC calling for mandatory climate and ESG disclosures for all issuers.

Joint Statement: 59 Organizations Call on SEC to Adopt Mandatory Climate and ESG Disclosures

“Investors know that climate change is a threat that some companies aren’t taking seriously enough. They need information that lets them better understand climate risks and opportunities to see who they can trust to thrive in a low-carbon future economy.”
–Alex Martin, Senior Policy Analyst, Americans for Financial Reform Education Fund

Statement: Biden Executive Order on Climate Finance is a Strong Step

President Biden today issued an executive order that outlines the administration’s plan to manage the financial risks associated with the climate crisis. The order highlights the administration’s determination to use all the resources of the federal government to combat the threat that climate change poses to financial stability.

Letters to Regulators: Letter in Response to FHFA RFI Expressing Concerns About Climate and Natural Risk Management

AFREF and 17 organizations sent a letter in response to FHFA’s RFI on climate and natural risk management detailing our concerns about the disproportionate impact of climate change and natural disasters on borrowers and communities of color and low and moderate income neighborhoods. We provided recommendations for next steps on FHFA’s work on mitigating climate risk and urged FHFA to make sure climate risk mitigation efforts do not cause inadvertent harm to the communities who are already most vulnerable to the adverse effects of climate change and who face the most challenges in accessing and sustaining homeownership.

the outside exterior of the U.S. Treasury Department building

Joint Statement: Treasury Climate Counselor Position Is Essential, But Appointee’s Lack of Financial Regulatory Experience Is Disappointing

WASHINGTON, D.C. – Today, the U.S. Department of the Treasury announced the appointment of John Morton as Climate Counselor at the Department. In March, Public Citizen and Americans for Financial Reform issued a blueprint for using financial regulatory tools in response to the climate crisis: Climate

Letter to Regulators: Federal Reserve Must Do Better on Climate Risk

Americans for Financial Reform Education Fund joined 64 groups in writing a letter to Federal Reserve Chair Powell to take bold and timely action on climate change, in line with the US commitment to the Paris Agreement. The letter asks him to use the Fed’s

News Release: Federal financial stability watchdog stirs while some regulators snooze on climate

“The FSOC and Treasury must pivot from this meeting and push lagging regulators to turn today’s words on climate into bold and timely action. At its next meeting, the FSOC should take the concrete steps we recommend in the Climate Roadmap. There’s still time to act, but no more time to delay.”

— Alex Martin, Senior Policy Analyst, Americans for Financial Reform Education Fund