The Enforcement Director opened his remarks with the recognition that the SEC is not an environmental regulator. He noted, however, that restoring public trust in our institutions is a current priority for agencies such as the SEC. Citing investor studies, the Enforcement Director explained investors care about the incorporation of environmental considerations in corporate strategy, and, in response, many companies have begun disclosing environmental information. He believes that this presents an incentive to companies to both exaggerate their positive environmental activities and obfuscate negative environmental information. The SEC has recently brought environmental-related enforcement actions against both public companies and financial institutions.

Source: Forbes March 05, 2024 22:48 UTC