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 | Jul 26, 2019
Floating landscape infrastructure wins top ASCE innovation prize
Climate resiliency a key theme of entrants.
Codes and Standards | Jul 24, 2019
New York making slow progress on resiliency seven years after Hurricane Sandy
Property owners face many challenges; coastal defense project plans are complex and need more time to plan.
Codes and Standards | Jul 23, 2019
Berkeley, Calif. passes nation’s first ordinance to make new buildings all-electric
No gas hook-ups will be allowed in new houses, apartments, and commercial buildings.
Codes and Standards | Jul 22, 2019
San Francisco office building is city’s first structure certified by BREEAM USA for existing buildings
The Landmark @ One Market is one of San Francisco’s most architecturally distinctive buildings.
Codes and Standards | Jul 16, 2019
ASCE seeks comments on update to Calculation Methods for Structural Fire Protection standard
Pertains to fire resistance rating times.
Codes and Standards | Jul 15, 2019
USGBC calls for proposals for feedback, concepts for next LEED version
The move follows successful public input on LEED 4.1.
AEC Tech | Jul 15, 2019
Lack of standards hampers development of exoskeleton industry
Guidelines, common terminology, and testing methodology are needed, says expert.
Concrete | Jul 8, 2019
Concrete repair code requirements released
American Concrete Institute offers guidance on assessment, repair, rehab of existing concrete structures.
K-12 Schools | Jul 8, 2019
Collaborative for High Performance Schools releases 2019 Core Criteria Version 3.0 Update
The update adds credits to lower carbon footprints and to promote climate change resiliency.
Wood | Jul 8, 2019
Campaign launched to promote ‘climate-smart wood’
The Forest Stewardship Council and other groups aim to help buyers understand and make it easier to locate lumber that meets sustainable forestry standards.