Statement by Timothy E. Wirth on yesterday's SEC guidance to investors on climate risk
Washington D.C. — January 28, 2010
“The Securities and Exchange Commission’s announcement that publicly traded companies should disclose to investors the risks they face from climate change is both important and overdue. In the absence of previous guidance, these risks -- which include both the physical impacts of climate change and the effects of new domestic and international greenhouse gas emission policies -- were not being properly communicated by companies to their shareholders.
“Investors have the right to know how companies they have a stake in are preparing to face the risks from climate change and seize the opportunities of a carbon-constrained world. We applaud the SEC for this important action, as well as the Investor Network on Climate Risk -- a coalition of institutional investors led by Ceres -- for its efforts over many years to bring about this result.”
About the United Nations Foundation
The United Nations Foundation, a public charity, was created in 1998 with entrepreneur and philanthropist Ted Turner’s historic $1 billion gift to support UN causes and activities. We build and implement public/private partnerships to address the world’s most pressing problems, and work to broaden support for the UN through advocacy and public outreach. Through our campaigns and partnerships, we connect people, ideas, and resources to help the UN solve global problems. The campaigns we conduct reduce child mortality, empower women and girls, create a new energy future, secure peace and human rights, and promote technology innovation to improve health outcomes. For more information, visit www.unfoundation.org.