Digital Climate Alliance Comments to the SEC: The Enhancement and Standardization of Climate-Related Disclosures for Investors

The Digital Climate Alliance submitted comments to the Securities and Exchange Commission (“SEC” or “Commission”) relating to their proposed rule titled, "The Enhancement and Standardization of Climate-Related Disclosures for Investors.”

The DCA is a coalition of companies developing and utilizing digital technologies to reduce their environmental impacts and those of their customers. The Alliance’s goal is to promote the role of digital technologies and tools to enable solving climate, water, and energy challenges.

As companies that have made sustainability a fundamental aspect of our business plans, the DCA believes greater transparency and trust of our corporate climate actions and risks is important for maintaining fair and efficient markets. The DCA applauds the SEC for addressing this issue. By defining what climate information is important for investors and standardizing how it is disclosed, this rule will protect investors, facilitate capital formation, and ensure financial markets continue to be worthy of the public’s trust.

Many DCA members will be subject to this rule and all members will use the information disclosed. However, the DCA’s comments will focus on the growing demand for carbon transparency and the importance of standardized environmental data.