Ex-SEC Head Says Climate Disclosure Support Has ‘Skyrocketed’

Never before have investors been as desperate for data on how exposed companies are to climate change, according to Mary Schapiro, the former chair of the U.S. Securities and Exchange Commission.

Demand for climate reporting is “at an all time high” and getting “more intense and sophisticated,” said Schapiro, who now heads the Task Force on Climate-related Financial Disclosures. As a result, support for TCFD has “skyrocketed,” she said.

It’s the latest sign that climate change is altering the way in which investors measure value, as a hotter planet promises to reshape fortunes in the corporate world. For investors ...