AFREF joined Public Citizen, The Sunrise Project, and other organizations in a letter to the U.S. banking regulators urging them to quickly make progress beyond their initial climate-related supervisory efforts with large banks by taking decisive action and enacting enhanced supervision and regulation, and to
AFREF and 11 organizations submitted a comment letter to the Public Company Accounting Oversight Board (PCAOB) in support of a proposal to require public accounting firms to publicly report specified firm- and engagement-level metrics. If finalized, these metrics would provide investors, audit committees, and other stakeholders critical information to compare audit firms, make better-informed decisions, and enhance auditor accountability.
AFR was joined by 52 partner organization in a letter to Senate and House leadership expressing strong opposition to the Congressional Review Act resolutions of disapproval against the Securities and Exchange Commission’s Climate Financial Risk Disclosure Rule and the Climate-Related Financial Risk Management Principles from
AFR joined the Consumer Federation of America and 18 other civil rights, housing, and climate advocacy groups in writing this letter to the National Association of Insurance Commissioners regarding the need for a public, transparent, and national data collection on the property and casualty insurance market.
The Environmental Protection Agency (EPA) announced its final program of the Greenhouse Gas Reduction Fund (GGRF): Solar for All. Sixty recipients will be awarded $7 billion, with funds expected to roll out late this summer. Solar for All will create new or expand existing low-income residential and community solar programs in all 50 states, the District of Columbia, Puerto Rico, and territories, and open up greater access to solar for Tribes through grants and low-cost financing.
AFR and partners submitted a letter to the committee urging members to vote down a series of bills and resolutions that would roll back agency rules, guidance, and authorities to address climate-related financial risk.
Americans for Financial Reform made the following comments on item marked up by the House Financial Services Committee yesterday, On the bills related to climate and financial regulation, On the bills related to fintech regulation, On the bills related to systemic risk
AFREF and 18 additional signatories wrote to the SEC in support of bringing much-needed disclosures to the vast market of ESG-designated products and services. The letter urges the SEC to finalize the rule titled “Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices” as soon as possible and recommends changes to the way the proposed rule addresses disclosure of metrics by ESG-Focused Funds. These changes would improve the rule by generating disclosures that better reflect ESG-Focused Funds’ varied strategies and priority metrics while alleviating concerns expressed by some commenters.
AFREF joined Public Citizen and other organizations in a letter to the Public Company Accounting Oversight Board (PCAOB) urging the board to strengthen and finalize its proposals to update AS 2405, A Company’s Noncompliance with Laws and Regulations, and AS 2110, Identifying and Assessing Risks
AFREF joined Public Citizen, The Sunrise Project and other partner organizations in a letter to the Basel Committee on Banking Supervision’s in response to its consultation paper Disclosure of climate-related financial risks. “Of particular importance is information related to financed emissions, transition plans, and forecasts.