(This post brings together several others that readers will recognize.). So how does streaming music score on the ESG scale? The task force will also coordinate the effective use of Division resources, including through the use of sophisticated data analysis to mine and assess information across registrants, to identify potential violations.

Gibson, the Acting Deputy Director of Enforcement, who will oversee a Division-wide effort, with 22 members drawn from the SEC’s headquarters, regional offices, and Enforcement specialized units.Ĭonsistent with increasing investor focus and reliance on climate and ESG-related disclosure and investment, the Climate and ESG Task Force will develop initiatives to proactively identify ESG-related misconduct. The Securities and Exchange Commission today announced the creation of a Climate and ESG Task Force in the Division of Enforcement. It was only a short step for the government to turn disclosure into violations and then turn violations into enforcement: The Securities and Exchange Commission is formalizing ESG disclosures for public companies like Spotify, stating that “s investor demand for climate and other environmental, social and governance (ESG) information soars, the SEC is responding with an all-agency approach” and has taken many actions to require ESG disclosures. (That’s a great podcast series and I highly recommend it for a subscribe.) The designation is often attributed to Larry Fink at Blackrock as the originator.įor more background, the MusicAnswers Podcast interviewed me on this subject which was good fun and I think informative. See the Upright Net Impact data model on Spotify’s sustainability score.

“ESG” is a Wall Street acronym that designates a company as suitable for socially conscious investing based on its “ Environmental, Social and Governance” business practices–hence “ESG”.

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