Climate Change, Corporate Valuation, and the Proposed Securities and Exchange Commission Disclosure Regulations
探讨了SEC拟议的可持续性披露规则，指出其成本高昂但无助于投资者更准确评估气候变化对公司价值的影响。
A fundamental purpose of disclosure requirements is to help investors value companies more accurately. At the margin, the benefit of more accurate valuation should equal the cost of preparing the disclosure. The cost of meeting the new Securities and Exchange Commission (SEC) disclosure proposals related to sustainability will be significant, but the information provided will do little to help investors more accurately assess the impact of climate change on corporate value.