2021 Recent Vote
Representative Juan Vargas (CA-51) sponsored H.R. 1187, the Corporate Governance Improvement and Investor Protection Act, a package of five bills that improve transparency and accountability in corporate governance and requires companies to disclose and take steps to mitigate their climate risks. LCV has previous endorsed two of the component bills: H.R. 1187, the ESG Disclosure Simplification Act (Vargas), which requires firms to disclose certain environmental, social and governance (ESG) metrics to the SEC as well as a plan for how those metrics are integrated into their long-term business strategy, and H.R. 2570, the Climate Risk Disclosure Act (Casten), which requires public companies to disclose information relating to their financial and business risks associated with climate change so that shareholders have the information they need to mitigate financial, physical, and legal climate-related risks to their investments. By giving investors the tools to assess climate-related risks in their investments, we can accelerate the market transition from fossil fuels to cleaner and more sustainable energy sources that mitigate climate change. On June 16, the House H.R. 1187 by a vote of 215-214 (House roll call vote 169). YES IS THE PRO-ENVIRONMENT VOTE.