; (E) allow for tracking of performance over time with respect to mitigating climate risk exposure; and (F) incorporate a price on greenhouse gas emissions in financial analyses that reflects, at minimum, the social cost of carbon that is attributable to issuers. 5. Disclosures relating to climate change (a) In general Section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ) is amended by adding at the end the following: (s) Disclosures relating to climate change (1) Definitions In this subsection— (A) the term appropriate climate principals means— (i) the Administrator of the Environmental Protection Agency; (ii) the Secretary of Energy; (iii) the Administrator of the National Oceanic and Atmospheric Administration; (iv) the Director of the Office of Management and Budget; and (v) the head of any other Federal agency determined appropriate by the Commission; (B) the term climate change means a change of climate that is— (i) attributed directly or indirectly to human activity that alters the composition of the global atmosphere; and (ii) in addition to natural climate variability observed over comparable time periods; (C) the term covered issuer means an issuer that is required to file an annual report under subsection (a) or section 15(d); (D) the term physical risks means financial risks to long-lived fixed assets, locations, operations, or value chains that result from exposure to physical climate-related effects, including— (i) increased average global temperatures and increased frequency of temperature extremes; (ii) increased severity and frequency of extreme weather events; (iii) increased flooding; (iv) sea-level rise; (v) ocean acidification; (vi) increased frequency of wildfires; (vii) decreased arability of farmland; (viii) decreased availability of fresh water; and (ix) any other financial risks to long-lived fixed assets, locations, operations, or value chains determined appropriate by the Commission, in consultation with appropriate climate principals