Page 2 - Esg Task Force News Today

Thursday, March 11, 2021 Last week, the Securities and Exchange Commission’s Division of Examinations (the “Division”) released its 2021 examination priorities.  The priorities reflect the impact of the COVID-19 pandemic, including how it has increased risks related to cybersecurity; a new focus on climate change; and appear to recognize concerns raised by the recent trading in GameStop stock. Impact of COVID-19 The onset of the work-from-home environment arising from the COVI...

Monday, March 8, 2021 A series of recent announcements by the SEC underscores the agency’s commitment—and allocation of resources—to its heightened focus on environmental, social and governance (“ESG”) issues.  Significantly, on March 4, 2021, the SEC announced the creation of a Climate and ESG Task Force in the Division of Enforcement. 1   As discussed in a prior alert, companies should be prepared for greater scrutiny of their disclosures concerning ESG, as well as rel...