Tag: Ceres

Ceres have submitted a public comment letter urging the U.S. Securities and Exchange Commission (SEC) to withdraw its proposed rule that would allow public companies to provide semiannual instead of quarterly financial reporting.  “Investors urgently need clear, consistent climate-related financial information. Allowing changes to the reporting frequency from quarterly to semiannually gives investors less information, making it harder to assess financial performance and risks, including climate-related financial impacts of the companies they own,” said Steven Rothstein, Chief Program Officer at Ceres. “Less frequent reporting creates an uneven playing field, where…

Read More

A proposal announced recently to rescind the federal corporate climate disclosure rule will “take us back, not forward, in our efforts to bring more accountability and transparency to the marketplace,” said Steven M. Rothstein, Chief Program Officer at Ceres.   Rothstein added,  “The SEC rule was put in place to support American investors, but this proposal to rescind it will leave them in the dark. For two decades, investors have called for clear, consistent, and decision-useful information on companies’ exposure to risks and opportunities, including climate-related data. These physical risks are…

Read More

Ceres recently urged the California Air Resources Board (CARB) to adopt the state’s updated cap-and-invest program without delay while maintaining the integrity of the program, emphasizing that any delay “would undermine market confidence, disrupt business planning, and signal instability at exactly the wrong moment.”   Ceres Senior Manager, State Policy, West, Maggie Field testified at a CARB hearing on the program and underscored concerns about the structure of the Manufacturing Decarbonization Incentive (MDI), a proposed mechanism within the cap-and-invest program that would provide additional emissions allowances to support industrial decarbonization…

Read More

Four years after the U.S. insurance industry began standardized climate risk reporting, Ceres released a new report, which finds that while more companies than ever are reporting their climate-related financial risks, the quality of disclosure remains deeply insufficient, with the vast majority of carriers falling far short of the substantive, decision-useful reporting that regulators, investors, and policyholders want.  The 2026 Progress Report: Climate Risk Reporting in the U.S. Insurance Sector analyzes disclosures from 537 insurance groups submitted to the National Association of Insurance Commissioners’ (NAIC) Climate Risk Disclosure Survey for…

Read More

Ceres commends Maryland Gov. Wes Moore’s focus on energy affordability after he signed a sweeping energy bill today that includes critical measures to shore up the power grid and cut red tape for solar projects. But the state can still improve its energy efficiency strategy.  “Energy affordability is a critical issue for everyone in the Mid-Atlantic region dealing with rising power demand. This package includes positive steps that will help Maryland modernize the aging power grid and bring more cheap solar energy online to meet demand,” said Jeff Mauk, director…

Read More