climate-risk-disclosure-sign-on-2019-c59b69ae4a8bf399.pdf

Thirty-three organizations support the Climate Risk Disclosure Act of 2019, arguing that standardized climate risk reporting by the Securities and Exchange Commission is essential for investor protection, financial stability, and the transition to a low-carbon economy.

• The Climate Risk Disclosure Act of 2019 is viewed as a necessary measure to provide shareholders with the data required to mitigate legal, physical, and financial risks associated with climate change, which in turn supports the transition from fossil fuels to cleaner energy and reduces financial instability.
• Fossil fuel companies are specifically identified as facing immediate climate-related challenges, including lawsuits from municipalities for sea level rise adaptation costs, refinery flooding, and the risk of stranded assets, though many companies omit this information from shareholder communications.
• The proposed legislation would require the Securities and Exchange Commission to create standards for the systematic evaluation of climate risks, aligning with investor demands seen in shareholder votes at BP and ExxonMobil regarding the Paris Agreement and the Task Force on Climate-related Financial Disclosures.
• Standardized disclosure is highlighted as particularly important for long-term portfolios and state employee pension funds to ensure that data and science guide planning for a low-carbon future.

APA

Union of Concerned Scientists (2019). climate-risk-disclosure-sign-on-2019-c59b69ae4a8bf399.pdf. https://ucs-documents.s3.amazonaws.com/global-warming/Climate+Risk+Disclosure+Sign-On+2019.pdf

Chicago

Union of Concerned Scientists. climate-risk-disclosure-sign-on-2019-c59b69ae4a8bf399.pdf. 2019. https://ucs-documents.s3.amazonaws.com/global-warming/Climate+Risk+Disclosure+Sign-On+2019.pdf.

Wikipedia

{{cite press release |author=Union of Concerned Scientists |title=climate-risk-disclosure-sign-on-2019-c59b69ae4a8bf399.pdf |date=10 July 2019 |url=https://ucs-documents.s3.amazonaws.com/global-warming/Climate+Risk+Disclosure+Sign-On+2019.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{unionofconcernedscientists2019climateriskdisclosuresignon2019c59b69ae4a8bf399pdf, author = {{Union of Concerned Scientists}}, title = {{climate-risk-disclosure-sign-on-2019-c59b69ae4a8bf399.pdf}}, publisher = {Union of Concerned Scientists}, year = {2019}, month = jul, url = {https://ucs-documents.s3.amazonaws.com/global-warming/Climate+Risk+Disclosure+Sign-On+2019.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }