SEC Petition

In 2002, the Rose Foundation filed a citizen petition with the United States Securities Exchange Commission (SEC) asking for a crackdown on environmental accounting fraud and new regulations to guide future corporate environmental liability reporting. The petition was immediately endorsed by more than 30 other foundations, as well as several mutual funds and labor organizations.  Eventually, investors representing more than $1 trillion dollars would endorse this petition, as well as the treasurers of eight states.  The report and petition helped spark a Congressional General Accounting Office probe of the SEC's lax record of enforcing corporate environmental liability disclosure.  The petition helped to catapult the Rose Foundation into a position of national prominence on corporate environmental disclosure issues.