“The Chamber urges caution regarding the SEC’s recently-announced ESG enforcement initiative,” Executive Vice President Tom Quaadman wrote, noting that it “appears to take an enforcement-first approach to ESG and climate change even though the commission has not yet completed its review and updates to the 2010 guidance regarding climate change disclosures.”
“We are deeply concerned that using the SEC’s enforcement apparatus in place of notice-and-comment rulemaking will discourage companies from going public just as the economy turns its sights onto recovery from the pandemic through capital formation and job creation,” he said.
‘Enforcement 40’ for 2020
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