- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-02-27T20:34:00
Environmental, social, and governance issues are increasingly material to investors, and the Securities and Exchange Commission (SEC) is checking to ensure businesses’ ESG statements are above board, according to the agency’s enforcement director.
“It is … crucial that when companies speak about the host of issues that may fall under the rubric of ESG, whether climate, social, corporate governance, or others, they do so in a way that’s not materially false or misleading,” said Gurbir Grewal on Friday in remarks delivered at the Ohio State Law Journal Symposium.
Investors care greatly about ESG matters and make investment decisions based on what companies report about meeting their ESG targets, Grewal said.
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Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
Tech vendors believe ESG reporting is a ripe market for artificial intelligence to help companies sift through data and ensure compliance with both mandatory and voluntary reporting standards. Compliance officers appear less sure.
Climate-related disclosure efforts are amplifying year over year, despite persistent and persnickety pain points, as more organizations widen the scope of their ESG journeys, our “Inside the Mind of the CCO” survey found.
TikTok is suspending new features amid an inquiry by the European Commission into its compliance with the Digital Services Act, all while responding to a U.S. ban just signed into law.
The Czech Republic’s data protection authority issued a fine of 351 million Czech koruna (U.S. $15 million) against antivirus software vendor Avast for alleged violations of the General Data Protection Regulation.
Consolidated Nuclear Security agreed to pay $18.4 million to settle alleged False Claims Act violations regarding the submission of timecards for unworked hours to the National Nuclear Security Administration.
