Gabby Brown, gabby.brown@sierraclub.org
Washington, DC -- This afternoon, the Investor Protection, Entrepreneurship and Capital Markets Subcommittee of the House Financial Services Committee will hold a hearing entitled “Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures.” The hearing will address the need for publicly traded companies to report their business’ impact on global climate change and the risk this poses to their shareholders and the public.
Ahead of the hearing, the BlackRock’s Big Problem campaign issued the following statement:
“This hearing is an important step toward holding companies accountable for their role in the climate crisis. Businesses directly causing climate pollution - and institutions providing financing to those companies - must account for their contributions to climate change and how this exposes shareholders and the public to greater risks. Without stronger requirements for environmental and social governance transparency, companies like BlackRock will be able to continue to mislead investors with so-called ‘climate-friendly’ funds that in reality support dirty industries that put both our planet and their investors’ portfolios at risk.”
About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with more than 3.5 million members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.