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 | Mar 3, 2021
Texas freeze raises questions about risks of electrifying buildings
Gas stoves helped residents cook, boil water when power went out.
Codes and Standards | Mar 2, 2021
New Seattle building code eliminates fossil fuels for most space and water heating
Also increases on-site solar photovoltaics, reduces envelope heat loss, air leakage, and interior lighting power allowances.
Codes and Standards | Feb 25, 2021
It’s not just lumber—roofing material prices are also on the rise
Lower demand for petroleum products means less asphalt production.
Codes and Standards | Feb 23, 2021
USGBC offers education on LEED Safety First pilot credits
Four courses address COVID-19.
Codes and Standards | Feb 23, 2021
ASHRAE Epidemic Task Force releases updated Building Readiness Guide
Includes flush calculations to reduce time and energy to clear contaminants between occupancy periods.
Codes and Standards | Feb 22, 2021
Preservation of Affordable Housing develops climate resilience strategy
Includes backup power for resident and staff “area of refuge”.
Codes and Standards | Feb 18, 2021
Construction industry moves toward comprehensive U.S. BIM standard
NIBS hosts roundtable to create coordinated program to advance collaboration.
Codes and Standards | Feb 17, 2021
Construction on international sports venues is ripe for corruption
Poor planning, complex contracting, a lack of accountability and high levels of collusion to blame.
Codes and Standards | Feb 16, 2021
Feds may fund removal of some urban highways
Senate bill proposes pilot program to reknit communities.
Codes and Standards | Feb 16, 2021
Bechtel joins international heat resilience organization
Experience designing resilience standards to aid effort to protect communities from extreme heat.
