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SEC Enforcement Unit to Target Wrongdoing Over ESG Disclosures (1)

March 4, 2021, 7:18 PMUpdated: March 4, 2021, 9:35 PM

The SEC is bringing together enforcement staff across the U.S. to root out misconduct concerning disclosures about climate risks and other environmental, social, and governance matters.

The Securities and Exchange Commission’s new Climate and ESG Task Force will seek to find gaps or misstatements in companies’ reporting about climate risks under current rules, the agency said Thursday. The unit also will look for potential disclosure and compliance problems concerning the ESG strategies of investment advisers and funds, according to the SEC.

The group of nearly two dozen members in the SEC’s Enforcement Division will use data analysis and other tools ...