The U.S. Securities and Exchange Commission is considering new rules that would mandate publicly traded property ownership companies disclose risks from environmental impacts.
Recently testifying before the Senate Committee on Banking, Housing, and Urban Affairs, SEC chair Gary Gensler said he has directed his staff to develop proposals on how the new disclosure rules could be implemented. The proposals will be put out to public comment to help find what information matters most to investors.
Gensler noted that investors increasingly want to understand the climate risks of public companies. Few companies today provide metrics on climate risks for investors to consider when deciding whether to purchase and own stock in them.
There is widespread support within the investor community for specific metrics and principles-based climate disclosure requirements.
Related Stories
Codes and Standards | Nov 9, 2017
NIBS, NBI issue guidance document to help communities achieve energy goals
Outcome-based codes compliance path looks at building’s actual performance.
Codes and Standards | Nov 7, 2017
Underwriters Laboratories launches wellness certification
First certification program that verifies products’ compliance with the WELL Building Standard.
Codes and Standards | Nov 6, 2017
Registration now open for Canada’s first Zero Carbon Building (ZCB) program
Standard is designed to be applicable across many types of new and existing buildings.
Codes and Standards | Nov 6, 2017
AIA releases new architect commissioning document
It will be used with the standard form for owner/consultant contracts.
Codes and Standards | Nov 2, 2017
ASHRAE releases new version of Thermal Comfort Standard
Update includes calculations from direct solar radiation.
Codes and Standards | Nov 1, 2017
Drone users can now get instant authorization from FAA
Skyward offers app to receive permission for low altitude flights.
Codes and Standards | Oct 31, 2017
Real estate giant launches global tenant health and wellness certification initiative
Tishman Speyer will use Fitwel health certification system to guide building improvements.
Codes and Standards | Oct 30, 2017
AIA revises architect scope documents in latest contract form release
Design-bid-build forms last updated in 2007.
Codes and Standards | Oct 26, 2017
Boston’s Old South Church asks tower developer for $19 million for casting shade
Request highlights ongoing conflict between developers and residents over right to sunshine.
Codes and Standards | Oct 24, 2017
Asphalt roofing design guide now available in digital form
Recently updated Modified Bitumen Design Guide can be viewed on smartphones and tablets.