Investment News/ Mark Schoeff, Jr./ March 4, 2021
The Securities and Exchange Commission announced Thursday it hasÂ created an enforcement task forceÂ on climate and environmental social and governance issues â€” the latest in a flurry of agency activity emphasizing climate risk and sustainability.
â€śConsistent with increasing investor focus and reliance on climate and ESG-related disclosure and investment, the Climate and ESG Task Force will develop initiatives to proactively identify ESG-related misconduct,â€ť the SEC said in a statement.
The 22-member task force initially will look for â€śmaterial gaps or misstatements in issuersâ€™ disclosure of climate risksâ€ť under existing rules and also will analyze â€śdisclosure and compliance issuesâ€ť related to ESG strategies used by investment advisers and funds.
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