2021 Scorecard Vote
Representative Juan Vargas (D-CA) sponsored H.R. 1187, the Corporate Governance Improvement and Investor Protection Act, a package of five bills that would improve transparency and accountability in corporate governance and require companies to disclose and take steps to mitigate their climate risks. The package included provisions to require firms to disclose certain environmental, social and governance (ESG) metrics to the Securities and Exchange Commission (SEC) and plan for how those metrics are integrated into their long-term business strategy. It also would require 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, 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 approved H.R. 1187 by a vote of 215-214 (House roll call vote 169). YES IS THE PRO-ENVIRONMENT VOTE. The Senate took no action on this legislation in 2021.