SEC Climate and ESG Task Force

From MarketsWiki
Jump to navigation Jump to search


R1 220074 Ad-1-animated.gif


SEC Climate and ESG Task Force
Founded 2022
Headquarters Washington, D.C.
Key People Kelly L. Gibson

The Climate and ESG Task Force in the SEC's Division of Enforcement investigates ESG-related misconduct. The Climate and ESG Task Force uses data analysis to mine and assess information across registrants, to identify potential violations including material gaps or misstatements in issuers’ disclosure of climate risks.[1]

History[edit]

The Climate and ESG Task Force was created by the Securities and Exchange Commission (SEC) on March 4, 2021. Led by Kelly L. Gibson, the acting deputy director of enforcement, the task force has a staff of 22. Gibson's work complements that of Satyam Khanna, senior policy advisor for climate and ESG. As the SEC's chief tool for addressing risks to investors related to ESG, the task force works closely with other SEC divisions and offices, including the divisions of corporation finance, investment management, and examinations.

Products and Services[edit]

The initial focus of the task force is to identify material gaps or misstatements in issuers’ disclosure of climate risks. The task force also analyzes compliance issues related to the ESG strategies of investment advisers and funds. The Climate and ESG Task Force evaluates and pursues tips, referrals, and whistleblower complaints on ESG-related issues. It provides expertise and insight to teams working on ESG-related matters across the division of enforcement. [2]

Membership[edit]

Key People[edit]

  • Kelly L. Gibson, Acting Director of Enforcement, Securities & Exchange Commission.

References[edit]