Kingdollar, B. L. (2022, July 13). Harvard management company endorses some environmental regulations in SEC letter: News: The Harvard Crimson. News | The Harvard Crimson. Retrieved July 17, 2022, from https://www.thecrimson.com/article/2022/7/13/hmc-sec-letter/ 

Early during July of 2022, the Harvard Management Company sent the SEC, the U.S. Securities and Exchange Commision, a request for all companies that are traded on the stock market to report all climate information about their company. The demand also argues that these reports be released as “Scope 1 and Scope 2” which disclose basic greenhouse gas emissions, compared to “Scope 3” which outlines “indirect emissions”. By withholding only certain parts of information, the HMC undermines their key intention of promoting carbon neutrality by selectively censoring certain crucial information. 

In the era of making more of an effort to maintain ethical consumption of goods, production transparency is more crucial than ever. The HMC’s request demands that all publicly traded companies on the stock market openly state their carbon and greenhouse gas emissions in order to promote public awareness of their contribution in the climate crisis. From a financial perspective, the request also allows prospective investors and traders to more ethically enterprise. Overall, the demand is an excellent first step towards maintaining consumption transparency and promoting more moral forms of energy consumption between investors, the public, and businesses.