G7 & SEC: Mandatory Climate Risk Disclosure Needed Now
Originally published on NRDC Expert Blog.
By Sarah Dougherty, Tom Zimpleman, & Gabriel Daly
G7 leaders met in the UK last week, and climate was high on the agenda, as it must be. One of the areas of agreement among the leaders of the world’s largest economies might seem new but has been in the works for years: mandatory climate disclosures from companies.
The US has broad disclosure laws, which allow the Securities and Exchange Commission (SEC), as a regulator of stock exchanges and stock sales, to require companies to provide the public with information that can help us make decisions, like about a company’s finances, operations, how it compensates executives, and how it is run. Climate change is an issue on which the SEC needs to require more disclosure — and the Chair of the SEC has indicated he and the Commission intend to require companies to disclose how climate change affects the risks and opportunities they face. The SEC is expected to issue a rule later this year. We think it is about time: NRDC has been pushing for more disclosure on environmental issues since 1971. And, it matters to investors with a recent CFA Institute survey finding 40 percent of investment professionals already incorporating climate risk to inform their investment decisions.
As part of our advocacy for mandatory climate disclosure, NRDC submitted comments to the SEC’s recent request for information. Only mandatory disclosures will allow the SEC to meet its mandate: “to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.” If investors do not know the climate risks — and opportunities — that the companies they are invested in may face, it’s hard to see how investors can be protected and markets can function efficiently.
As we explained in our comments, new rules need to require each company to disclose:
- the full scope of its greenhouse gas (GHG) emissions. This includes GHG emissions from assets that it owns, like factories, buildings, or transportation fleets; GHG emissions from the power is uses to run its factories and buildings; and GHG emissions from using the products it makes (in the case of manufacturers) or the investments it makes (in the case of banks or investment companies).
- the company’s projections about how realistic climate change scenarios will affect the company. Climate change is likely to result in more widespread flooding, wildfires, and more powerful hurricanes. Those events can damage property, disrupt supply chains, and hurt employees. But climate change may also lead to a shift to more sustainable products, alternative energy sources, and new business opportunities. Investors need to know how companies are planning for these possibilities.
- how the company’s operations affect communities vulnerable to climate change.
These disclosures would give investors information that’s useful for their decisions, allowing investors to identify companies (and industries) taking the risks of climate change seriously and planning accordingly. Investors would be better able to allocate capital efficiently to companies that are responsibly planning for the physical risks climate change is already creating — like wildfires and sea-level rise — as well as the transitions risks — changes in policy, consumer preferences, prices, and the like — that our collective response to climate change is likely to impose. And as we know, the costs of climate change will be — and are already — borne disproportionately by low-income communities and communities of color. Disclosures could provide information and insights into how different stakeholders may be impacted by climate change, including vulnerable communities. Additionally, shifting financial incentives away from climate-harming investments is one step towards alleviating those burdens on vulnerable communities.
A voluntary system, which has been in effect for about 15 years, was a good start. But voluntary disclosure has not generated important information nor made it easy to compare between companies. Requiring that companies disclose the risks their businesses face from, and contribute to, climate change will produce information comparable across companies and industries, allowing investors and the public to make better-informed decisions.
In their communique summarizing the G7 meeting, the G7 leaders highlighted their agreement on the importance of climate disclosures:
“We emphasise the need to green the global financial system so that financial decisions take climate considerations into account. We support moving towards mandatory climate-related financial disclosures that provide consistent and decision-useful information for market participants and that are based on the Task Force on Climate-related Financial Disclosures (TCFD) framework, in line with domestic regulatory frameworks.”
Ensuring that investors know the climate risks of the companies they own or may consider purchasing is an obvious first step to greening the global financial system. We are glad the G7 leaders agree and are working to make it happen in the world’s largest economies.
Polaris Ranger EV supports security operations at G7 Summit: “The G7 Summit was the largest operation in Devon and Cornwall Police history, with a total of 6,500 officers and staff on duty from all over the UK. We worked extremely hard to minimise the impact on the community around Cornwall, and as part of those efforts, we enlisted a fleet of electric Polaris Ranger vehicles to patrol and monitor the beaches and other hard to reach areas. Being completely electric off-road vehicles, they were the perfect choice for use on sand and provided our officers with the ideal solution for maintaining security without noise, pollution or disruption to the local community.” Image courtesy of Polaris.
The current EV era is ripe with revered classic car designs and iconic nameplates that are being reborn as battery-powered rides – and the success of cars the Renault 5 proves it can be a winning formula. Today, I’m suggesting another 1980s classic that deserves a modern electric update: the Buick Grand National.
I want to start this off by saying: yes, I know there was never a Buick Electra Grand National. The storied, turbocharged Buick GNX of yore was based on Buick’s Regal model, not the more ponderous Electra – but this is my article, and I think the “Electra” nameplate belongs on a US-market EV significantly sooner than later.
As for the “Grand National” part, the timeslip will solve that.
Why it would work
Thanks to the nearly $300,000 Cadillac CELESTIQ ultra-luxury car, we’ve already seen GM put a low-slung sedan body on its EV skateboard. That car uses a pair of electric motors, one on each axle, for a 655 hp all-wheel driving experience capable of launching the big sedan from 0-60 mph in just 3.7 seconds.
Putting those same motors under a shorter, lighter two-door sedan body would put my proposed all-electric Buick Electra at just under 6,000 lbs., and make the new car more than quick enough to earn the Grand National badge with a 3.5-second dash to 60 on its way to an 11.25 (ish) second quarter mile at about 120 mph. As for cost? You could almost name your price, but keeping it just under the Chevy Corvette’s $74,780 base price would make it a winner.
Limit production to 1987 units, make them order-only so dealers can’t ruin the party with obscene markups, and Buick can watch the money roll in … possibly.
You guys are smart, so I’m sure you’ll be able to find all the problems with this particular take – and I can’t wait to hear them! Should it be RWD only? A plug-in hybrid? Scroll on down to the comments and let me know what you think it would take to make a battery-powered Buick GNX revival make sense.
Original content from Electrek.
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If you’ve been dreaming about hitting the open road on two wheels with serious power, comfort, and style, the Cikada Touring e-Bike might just be your perfect ride. Designed for modern explorers who want adventure without compromise, this premium e-bike blends high-end performance with thoughtful design.
Smooth power that takes you everywhere
At the heart of the Cikada Touring e-Bike is a BaFang M410 350W motor that packs a punch with 80Nm of torque and provides assisted speed of up to 20 mph.
Mounted at the bike’s center, the motor’s placement creates ideal weight distribution, boosting traction and handling on everything from steep climbs to winding trails. Its compact design integrates seamlessly into the frame, keeping the center of gravity low for a more stable, confident ride that feels naturally in sync with your movements.
You’ll climb hills like a pro and accelerate with ease. It’s efficient, reliable, and perfect for riders who want consistent power for touring, commuting, or weekend adventures. Plus, it’s got walk assistance for when you’re not riding.
Go the distance
Worried about running out of juice? Don’t be. The 720Wh LG 21700 removable battery delivers a range of up to 75 miles (121 km) on a single charge. That’s plenty of power for long scenic routes, daily commutes, or even multi-day rides when you want to explore more and charge less. And when it’s time to juice up again, it only takes six to eight hours to reach full charge.
Built for comfort and confidence
No matter where the road takes you, the Cikada Touring e-Bike is ready. Its 27.5 x 2.8-inch Kenda anti-puncture tires with reflector strips keep you rolling smoothly and safely, while the suspension fork absorbs bumps across various terrains. Add an ergonomic design and 6061 aluminum frame, and you’ve got a bike that feels stable, balanced, and built to last.
Hydraulic disc brakes give you confident stopping power, and with 8-speed Microshift gearing, you’ll have full control over every incline and descent.
Everything you need, built in
The Cikada Touring e-Bike comes fully equipped for adventure. With integrated rear rack, lights, and mudguards, it’s road-ready right out of the box. No extra accessories needed – just hop on and ride.
Plus, the integrated Bafang system means your motor, sensor, and display all work seamlessly together for a smooth, intuitive riding experience.
Take it to the next level with the Cikada app
Plan, manage, and customize your next adventure with the Cikada app. Available on Android and iOS, it pairs your smartphone to your e-bike via Bluetooth so you can dive into real-time performance data, service tools, and smart ride features that make every journey smoother and more connected. You can track your progress, analyze past rides, fine-tune your ride settings, check your bike’s status, and even share your location or ride stats with the Cikada community, all from one easy-to-use dashboard.
Why riders love it
The Cikada Touring e-Bike is more than just a good-looking ride. It’s a thoughtful blend of power, endurance, and comfort – ideal for riders who want to explore new places, tackle longer distances, or simply enjoy every mile with confidence.
Plus, Cikada offers a 30-day trial period on all its e-Bikes. If you’re not happy, Cikada refunds your purchase, no questions asked.
Ready to tour farther, climb higher, and ride in style? Check out the premium Cikada Touring e-Bike and start your next great adventure.
Follow Cikada on Facebook and Instagram.
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It looks like retail giant Target has been reading our posts about the Chevy Brightdrop being the best deal in the commercial EV business, because the company has picked GM’s electric box van to pilot a new, dedicated last-mile delivery service in Dallas-Fort Worth.
The new pilot program will see 50 new Chevy Brightdrop vans deployed in a collaboration between Target, Circuit EV Solutions, and a last-mile logistics startup called the Frontdoor Collective that relies on its franchise owners to make its deliveries instead of outsourcing that delivery work to independent contract carriers gig workers.
“We’re building the infrastructure backbone that makes high-volume electric delivery possible nationwide,” said Adam Greenberg, CEO at Circuit EV Solutions. “By ensuring fleets have the charging support they need, we’re removing the final barrier to true EV scalability in last-mile logistics.”
Circuit EV Solutions provides the backbone of the highly-visible Target collaboration, delivering the fleet management and charging software to monitors vehicle health, schedule depot charging, and ensure that every Chevy Brightdrop van leaves the hub with an optimally full battery and a fully optimized delivery route, eliminating range anxiety among the vans’ operators.
Chevy Brightdrop
Chevrolet Brightbrop electric vans were designed with last-mile delivery efforts in mind, and offers a best-in-class 272 miles of combined range, large, squared-off cargo hold for maximum capacity, and lower maintenance and fuel costs than the ICE-powered competition.
For independent delivery service providers, that’s a killer combination that can help translate to higher margins and more time back in their busy days to spend with their families – which is something I think we can all get behind.
Click here to find out if your business can take advantage of special tax incentives with the purchase of a new electric van, and click the link, below, to check out a new Brightdrop van near you.
SOURCE | IMAGES: Circuit EV, via Freightwaves.
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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links. More.
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