Tag: SEC

Federal Contractors Should Expect Climate Disclosure Rules to Become New Norm

A forthcoming proposed rule from the Biden administration will require contractors supplying goods and services to the federal government to disclose greenhouse gas (GHG) emissions and other climate-related risks. The rule follows similar requirements proposed by the Securities and Exchange Commission (SEC) related to the disclosure of climate change risks. The proposed changes to the Federal […]

The SEC and ESG Compliance

On May 23, 2022, the Securities and Exchange Commission (SEC) charged BNY Mellon Investment Adviser, Inc., for misstatements about and omissions of environmental, social, and governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. BNY agreed to a cease-and-desist order and a censure and to pay a $1.5 million penalty […]

Proposed SEC Rules Tighten ESG Investment Claims

The Securities and Exchange Commission (SEC) released two press releases on May 25, 2022, announcing proposed rule changes intended to battle “greenwashing” claims by investment groups. Names Rule The current Names Rule requires registered investment companies with business names suggesting a focus on particular types of investments to adopt a policy to invest at least […]

SEC Proposes Enhanced and Standardized Climate Risk Reporting

On March 21, 2022, the Securities and Exchange Commission (SEC) proposed rule changes that will require U.S.-listed companies to provide investors with detailed climate change risk information, including some climate-related financial statement metrics and the disclosure of registrants’ greenhouse gas (GHG) emissions. “I am pleased to support today’s proposal because, if adopted, it would provide […]

SEC Closely Scrutinizing Green Investments and Climate-Related Disclosures

Melissa Hodgman, acting director of the Securities and Exchange Commission’s (SEC) Enforcement Division, indicated that the SEC expects to look more closely at “green” investments in the future. Her comments were made at a Managed Funds Association webcast, according to Law 360. Her remarks come on the heels of the SEC’s March 4, 2021, announcement […]

SEC, Securities and Exchange Commission

Environmental Disclosures Impacted by Recent Changes to SEC Requirements

On August 26, 2020, the U.S. Securities and Exchange Commission (SEC) announced amendments to “modernize disclosures of business, legal proceedings and risk factors under Regulation S-K” for publicly traded companies. These are the first significant amendments to these disclosure requirements in more than 30 years.

What the SEC Says about Reporting Climate Change Risks

Peabody Energy Corporation, the largest publicly traded coal company in the world, was recently muscled by the state of New York into revising its shareholder disclosures with the Securities and Exchange Commission (SEC) to include financial risks associated with climate change and potential regulations. Yesterday we reviewed SEC risk disclosure requirements. Today we will discuss […]

Your SEC Requirements and Environmental Risks

Peabody Energy Corporation, the largest publicly traded coal company in the world, was recently muscled by the state of New York into revising its shareholder disclosures with the Securities and Exchange Commission (SEC) to include financial risks associated with climate change and potential regulations. If you are a publicly traded company, what exactly are your […]