A group of public pension plans, state officials and environmental groups today asked the SEC to require public companies to disclose information about how their businesses will be affected by climate change and regulation of greenhouse gas emissions, according to an announcement on the website of environmental group Environmental Defense.
“The transition to a carbon-constrained economy is under way, and public access to material information concerning the risks and opportunities that companies face, and their means of addressing those risks and opportunities, is vital to investors,” group representatives said in a letter sent today to John White, director of the SEC’s division of corporation finance.
According to the letter, the public pension plans in the group include the $247.7 billion California Public Employees’ Retirement System and the $171 billion California State Teachers’ Retirement System, both in Sacramento.
