Domini Supports the Climate Risk Disclosure Act

Climate change is one of the most critical issues facing the world today. The effects already pose significant challenges to the global economy and individual corporations. Wildfires, super storms and coastal flooding are only a few examples of the severe risks businesses will face in the coming decades. Despite the growing and rapid disruptions caused by the ongoing climate change and its potential adverse impacts on the stability of global financial system, many companies do not report climate-related financial risks to their shareholders both in terms of the physical risks as well as transition risks that climate impacts pose to their operations, physical assets, supply chains as well as the current and future business models.      

On September 17, 2018, Senator Elizabeth Warren bill introduced The Climate Change Disclosure Act to congress. This bill would require public companies to disclose critical information about their exposure to climate-related risks including its greenhouse gas emissions, fossil fuel-related assets and how its valuation would be affected by certain climate change forecasts. This would help investors appropriately assess climate-related risks poses and accelerate the transition away from fossil fuels to cleaner and more efficient energy sources.

Domini stands in support of the Climate Risk Disclosure Act of 2018 and the effort for our government to enforce recommendations from The Task Force on Climate-related Financial Disclosures under the Financial Stability Board. The Union of Concerned Scientists, along with Domini and 32 other environmental and investor groups, have written the following letter in support of this bill. 

Further, Senator Warren’s bill is also well aligned with the goal 13 of the United Nations Sustainable Development Goals, which is a global effort to address world’s significant challenges to achieve sustainable society.   

Read the Letter

Past performance is no guarantee of future results. An investment in any of the Domini Funds is not a bank deposit and is not insured. The Domini Funds are not insured and are subject to market, market segment, style and foreign investing risks. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing security regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. You may lose money.

This information is provided for educational purposes only and should not be considered investment advice.

Carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may also be obtained by calling 1-800-762-6814 (for individual investors) or 1-800-498-1351 (for financial advisors and institutional investors).

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DSIL Investment Services LLC (DSILD) distributor, Member FINRA.

Domini Impact Investments LLC (Domini) is the Funds’ investment manager. The Funds are subadvised by unaffiliated entities.

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