ICCR Statement in Response to the SEC’s Proposed Rescindment of its Landmark Climate Disclosure Rule
In response to the SEC announcement on May 29, 2026 that it intends to rescind its landmark Climate Disclosure Rule for companies Erica Lasdon, the Director for the Interfaith Center on Corporate Responsibility (ICCR)’s program on Climate and Environmental Justice, issued the following statement:
“The Climate Disclosure Rule adopted by the prior SEC after a lengthy and careful deliberative process provides a useful framework for companies to disclose comparable, decision-useful information to investors about climate risk. During the comment period for the rule, investors with tens of trillions of dollars in AUM actively advocated for the Rule to assist them in making more informed investment decisions regarding their portfolio companies’ exposure to climate risk, a consequential and systemic risk for global communities and economies. Investors made clear that they needed standardized disclosures so that they can tell which companies are prepared to effectively and proactively manage both the transition to a decarbonized economy and the accelerating physical impacts of climate change.
The popularity of these disclosure rules amongst investors was earned. They were developed by the SEC in partnership with both investors and companies through the rigorous notice and comment process, and both communities know better than anyone what data can be provided and how best it can be used to make the most informed investment and voting decisions.
The current SEC leadership has made clear that the focus of its efforts has turned away from the broad community of investors concerned with the ways in which climate risk impacts their portfolios. The rescission of the Climate Disclosure Rule is yet another sign that the SEC is working to abandon its investor protection mandate, tipping the scales away from transparency and accountability.
Regardless of whether the SEC’s current leadership ultimately succeeds in un-doing this critically important Rule, ICCR urges companies to continue the disclosure of comparable information on climate risk for the benefit of its investors, its own long-term corporate value, and the public.”
June 2, 2026.
