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The US Moving Toward Adopting New Climate Disclosures | Mayer Brown Free Writings + Perspectives


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On June 21, 2021, US financial regulators met with US President Joe Biden to discuss the US economy and update him on their efforts to address climate-related risks. According to the White House readout of the meeting, the regulators said “they were making steady progress” on implementing President Biden’s executive order on climate-related risk. The briefing follows last week’s passage of HR 1187, the Corporate Governance Improvement and Investor Protection Act, by the US House of Representatives
1 by a vote of 215 to 214. HR 1187 would mandate that the SEC create an ESG disclosure regime for public companies and provides numerous statutory requirements for those disclosures, including climate-related disclosures. Although the bill is unlikely to become law due to expected opposition in the US Senate, which requires a 60-vote supermajority to pass legislation, the passage of the HR 1187 by the House – ....

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Aligning ESG and 10-K Disclosures: A Perspective from a Chief Legal Officer | Bracewell LLP


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To say the SEC has signaled increased attention to ESG matters would be an understatement. Between February 24
th and April 12
th of this year, the SEC has posted on its website five public statements and two press releases that have a primary focus around ESG disclosures. The SEC also announced the creation of a Climate and ESG Task Force in the Division of Enforcement. The task force will include 22 members from the SEC’s headquarters, regional offices, and enforcement specialized units. Initially the task force will focus on material gaps or misstatements in issuers’ disclosure of climate risks under existing rules and will analyze disclosure and compliance issues relating to investment advisers’ and funds’ ESG strategies. Acting Deputy Director of Enforcement Kelly L. Gibson, who will lead the task force, pointed out that “Proactively addressing emerging disclosure gaps that threaten investors a ....

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Overnight Health Care: CDC director calls on Michigan to 'close things down' amid surge in cases | Regeneron says antibody therapy prevents COVID-19 infections


CDC director calls on Michigan to close things down amid surge in cases
As Michigan’s governor calls for more vaccine doses for her state, the Biden administration has a different response in mind: Close things down. 
CDC s take: “When you have an acute situation, an extraordinary number of cases like we have in Michigan, the answer is not necessarily to give vaccines in fact we know the vaccine will have a delayed response, she said.
The answer to that is to really close things down, to go back to our basics, to go back to where we were last spring, last summer . to flatten the curve, decrease contact with one another, to test to the extent we have available, to contact trace,” she said during a White House COVID-19 response team briefing.  ....

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