Continuing Corporate Climate Commitments

We are pleased to share with you a copy of a new publication by ICCR, a compilation of climate quotes and statements by companies. We are all aware of the heated debate in the U.S. about climate change and climate science as well as the decision by the SEC to rescind the climate disclosure rule. In the past, investors have broadly supported regulatory requirements for more comparable and comprehensive company climate disclosure as a necessary part of making investment decisions. We expect a similar outpouring of supportive letters during this comment period.

It is also extremely important to note that globally many thousands of companies acknowledge the importance of climate change, the risk faced by their businesses and the importance of addressing climate challenges by reducing greenhouse gas emissions. These corporate actions are not being taken in response to an environmental agenda but because climate change can negatively affect their companies and their long-term profitability. In this case both investors and companies understand the urgency of addressing climate change.

This collection of quotes is the tip of the iceberg but makes the broader point that climate is both an investment and business imperative. We are hopeful that this collection of statements from a cross section of industries will be a helpful contribution to the ongoing discussion.

We want to thank Taniya Goyal, Associate, Shareholder Rights Group, for her thoughtful research and analysis for this ICCR publication. Her diligence and energy in gathering this data was invaluable.