Investors do not care about physical climate risks

The new SEC rule on Climate Disclosure creates a plethora of new data investors can sift through before they make up their minds on the future potential of an investment, or not. When I worked in a big company, there were two ways how to hide the truly relevant stuff from prying eyes. Either you hid it away, in a closet or you threw it out together with an avalanche of trivial information. The avalanche was here to make everyone tired and not look anymore. Managers are naturally keen on cooking all financial information to dissimulate their misdeeds and create profits that don’t exist. The new Climate Disclosure rule is going to give them another tool to play with. The SEC is supposed to bring transparency to the corporate world. Their actions do the contrary. 

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