Finance Media Monitor | 10.26.23


Three-quarters of the largest publicly traded companies should not encounter additional compliance costs from disclosing their greenhouse gas emissions under the upcoming Securities and Exchange Commission climate financial risk disclosure rules, according to a new report from The Sierra Club, Public Citizen and Americans for Financial Reform. New disclosure rules in California will require companies to disclose emissions from their activities and supply chains, that means those companies should have no problem providing the same data to the SEC.

Some U.S. business groups’ including the U.S. Chamber of Commerce and the Bank Policy Institute have claimed that the costs of fully disclosing their climate risks would be too high, without much in the way of evidence. 

Other regulators are gearing up too, with the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation releasing unified guidelines on how large financial institutions should handle climate-related financial risk management.





  • Riley Moore shared an article: ESG funds have LOST over $14 billion so far this year. ESG isn’t just bad for America. It’s a terrible investment strategy.
  • Alex Martin shared a press release: Breaking: 75% of Fortune 1000 companies will likely be required to report Scope 3 emissions in California. @SECgov must finish the job and ensure this data is comparable across the whole market. New report: @Public_Citizen @RealBankReform @SierraClub


  • Today: Ceres Charting Progress Webinar: Regulator Actions on Climate Financial Risks. Register here
  • Today: Climate Disclosure Developments: The SEC, California, and EU Extraterritoriality. Register here
  • October 27: Transatlantic Forum for Environmental and Climate Justice. Register here
  • October 31: Ceres A Guide for Businesses: California’s New Climate Disclosure Legislation Webinar. Register here.