FGS Global is supporting Ceres Inc., the Boston-based sustainability advocacy nonprofit, in issues related to the Securities and Exchange Commission's climate disclosure ruling process.
SEC chair Gary Gensler told the Senate Banking Committee on Sept. 15 that the agency has the legal authority to enact rules protecting investors from the financial risks associated with climate change.
Ceres CEO Mindy Lubber wants the SEC to reach common ground on the mandatory climate disclosure and finalize the rule as quickly as possible.
As the SEC mulls the climate disclosure rule, Ceres reports that extreme weather events caused an estimated $65B in losses worldwide during the first half of 2022.
That number is expected to jump with growing greenhouse gas emissions and rising average temperatures.
FGS has a seven-member team on the Ceres push.
That includes partners Susan Brophy, who was president Clinton's chief of staff and legislative affairs strategist, and Brian Gaston, aide to Republican Conference chairmen Dick Armey and John Boehner.