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Public companies have a legal obligation to report a wide range of information on financial performance and competitive risks. One risk they are not required to mention in corporate America: climate risk.
But that changed last week when America’s top financial regulator, the Securities and Exchange Commission, released a new proposal requiring companies to disclose their financial vulnerabilities to climate change.
This move toward greater corporate climate accountability in the U.S. builds on years of momentum. It’s the culmination of voluntary task forces, initiatives and mandatory disclosure regulations passed in other countries.
This week: How a historic proposal mandating climate transparency could change corporate America – and how it will face political and legal backlash.
Guests: Kathleen Brophy, U.S. climate finance senior strategist with The Sunrise Project.
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