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SEC creates task force to enforce ESG disclosures

Accounting Today · last updated
The Securities and Exchange Commission has formed a Climate and ESG Task Force in its enforcement division to identify misconduct in environmental, social and governance reporting. The task force will be spearheaded by Kelly L. Gibson, the SEC’s acting deputy director of enforcement, who will oversee an effort throughout the enforcement division, with 22 members drawn from SEC headquarters, regional offices and specialized enforcement units. Along with the SEC’s enforcement division, the SEC’s examinations division is also making climate risks more of a priority. The Institute of Management Accountants has been working on improving ESG reporting at companies. “What does it mean to have information around sustainable business information, and how can we use that internally for decision making?
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