In June 17th letters to the U.S. Securities and Exchange Commission (SEC), BlackRock and State Street outlined several objections to the Commission’s proposed climate disclosure rule, not supporting the inclusion of financial statement metrics requirements, Scope 3 disclosure requirements, and certain governance and strategy disclosure requirements. On the same day, in a letter to the SEC, Bank of America outlined several areas of objection to the Commission’s proposed climate disclosure rule, including the financial statement metrics requirements and certain governance and scenario analysis disclosure requirements. Bank of America also recommended an extended period for implementation and an expansion of safe harbor provisions. In the previous day, in a letter to the SEC, the Investment Company Institute outlined significant objections to the Commission’s proposed climate disclosure rule, including the proposed financial statement metrics requirements, Scope 3 disclosure requirements, and certain governance and strategy disclosure requirements.