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SEC Sees Leeway for Companies on Good-Faith Climate Disclosures

Jan. 26, 2022, 10:07 PM

The SEC will refrain from “second-guessing” companies that make good-faith efforts to disclose climate-change impacts and other environmental, social, and governance matters to investors, a top enforcement official said.

The Securities and Exchange Commission is focused on comprehensive investigations into ESG disclosures rather than scouring obscure parts of company websites for errors or suspect information to justify an enforcement action, Sanjay Wadhwa, deputy director of the SEC’s Division of Enforcement, said Wednesday.

His remarks came almost a year after the SEC created a Climate and ESG Task Force to uncover companies that mislead investors about the effect climate change has ...

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