SEC steps up enforcement on ESG reporting with climate disclosure rules looming

In ESG Today, Baker Tilly’s Joe Donnelly discuss important aspects of the Securities and Exchange Commission’s (SEC) recent high-profile enforcement actions and its expanding, proactive pursuit of ESG-related reporting misconduct. Companies must take three key steps now to provide accurate statements in ESG-related disclosures and to establish a more sustainable ESG strategy and control framework.

In addition to regulatory pressures, there are a variety of stakeholders advocating for accurate and consistent sustainability reporting. Organizations that are not taking a proactive approach face regulatory, reputational and financial risks. It can be a tricky landscape, but forward-thinking leaders are integrating their ESG strategy with the overall business strategy to better prepare for ESG reporting requirements.