Investment News/ Mark Schoeff, Jr./ March 4, 2021

The Securities and Exchange Commission announced Thursday it has created an enforcement task force on climate and environmental social and governance issues — the latest in a flurry of agency activity emphasizing climate risk and sustainability.

“Consistent 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,” the SEC said in a statement.

The 22-member task force initially will look for “material gaps or misstatements in issuers’ disclosure of climate risks” under existing rules and also will analyze “disclosure and compliance issues” related to ESG strategies used by investment advisers and funds.

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