The Risk Alert follows a number of other ESG-focused initiatives by the SEC. For example, on March 4, the SEC announced the creation of a Climate and ESG task force under the purview of the SEC's Division of Enforcement that will, among other things, "analyze disclosure and compliance issues relating to investment advisers' and funds' ESG strategies." Also, on March 3, Exams identified ESG issues as a 2021 exam priority for investment advisers and investments. On April 12, SEC Commissioner Hester M. Pierce issued a public statement responding to the release of the Risk Alert, noting that "as with many other ESG-related matters, this risk alert raises questions of its own . . . ." She also stated that ESG strategies are not unique in that "advisers and funds should not make claims that do not accord with their practices, and our examiners will be looking for that consistency between claims and practice. Our examiners are not—and will not be in this space—merit regulators. The SEC's role is not to assess whether any particular strategy is a good one, but to ensure that investors know what they are getting when they choose a particular adviser, fund, strategy, or product."