A large group of institutional investors, representing nearly $1 trillion in assets, called on U.S. regulators to consider climate change as a systemic threat to financial markets and the real economy. The letter, sent to the heads of every federal financial regulatory agency, states that climate change could have a “significant disruptive consequences on asset valuations and our nation’s economic stability” and urges regulators to “explicitly integrate climate change across [their] mandates.” The letter also calls on the S.E.C. to establish mandatory and consistent disclosure of climate threats facing companies. The letter, organized by Ceres, is available here.
Economics Department