SOURCE: Franklin Templeton
DESCRIPTION:
Anne Simpson, Franklin Templeton Global Head of Sustainability, participated in a recent panel hosted by Ceres, a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges.
The live virtual meeting on April 12, 2022, featured U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler and other sustainability leaders to discuss the SEC’s new proposed rule, Enhancement and Standardization of Climate-Related Disclosures for Investors.
This discussion followed the SEC’s announcement in March 2022 proposing a rule requiring climate disclosures from all U.S. registered public companies in response to increasing investor demand.
Simpson was among a group of leaders who participated in the discussion. Her remarks included: “Having these standardized reporting guidelines will actually make a huge difference for companies. One, it’s going to save them money; secondly, it’s going to give them clarity on what to focus on; and thirdly, the evidence shows it’s going to improve their cost of capital. So, this is necessary for investors but it’s also going to be a real benefit for companies.”
The SEC comment period for the proposed rule is open until May 20, 2022.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of March 31, 2022. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.
KEYWORDS: NYSE:BEN, Franklin Templeton
