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Remarks before the Financial Stability Oversight Council: Climate Risk Disclosure

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: financial stability, climate, energy and nature

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiRemarks before the Financial Stability Oversight Council: Climate Risk Disclosure

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler notes that many issuers already disclose climate risks.

Problems raised
  1. Investors need climate risk information.
  2. Disclosures are not yet consistent.
  3. The basic disclosure bargain must hold.
Solutions proposed
  1. Build on climate disclosures issuers already make.
  2. Keep complete and truthful disclosure at the core.
  3. Let investors decide on risks with better information.
Read full speech on sec.gov ↗

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