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ARTICLE · 23 JULY 2021

ESG Issues And The SEC: The Dawn Of New Realities

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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Kelley Drye & Warren LLP

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There is an ongoing push by the Biden Administration to engrain climate change awareness into many arms of the federal government that were previously agnostic on the matter.

United StatesEnvironment
Carol Sherman
Carol Sherman

There is an ongoing push by the Biden Administration to engrain climate change awareness into many arms of the federal government that were previously agnostic on the matter. This campaign to inject agencies like the Securities and Exchange Commission ("SEC") with a healthy dose of concern for environmental, social, and governance ("ESG") issues was embodied by the May 20, 2021 Executive Order on Climate-Related Financial Risk. With such statements, President Biden is attempting to accomplish a merging of what some consider to be disparate interests by emphasizing the financial aspect of the risks posed by environmental cataclysm and also by framing the situation in terms of the traditional duties and responsibilities of corporate actors.

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