PT - JOURNAL ARTICLE AU - Bradford Cornell TI - Climate Change, Corporate Valuation, and the Proposed Securities and Exchange Commission Disclosure Regulations AID - 10.3905/jpm.2022.1.404 DP - 2022 Sep 30 TA - The Journal of Portfolio Management PG - 40--45 VI - 48 IP - 10 4099 - https://pm-research.com/content/48/10/40.short 4100 - https://pm-research.com/content/48/10/40.full AB - 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.