Ian Roffman Quoted on Standardizing the SEC's Climate Change Disclosures in ReutersPrint PDF
Ian Roffman, chair of Nutter’s Securities Enforcement and Litigation practice and a member of the firm's Executive Committee, was quoted on standardizing the SEC's climate change disclosures in a Reuters article, "Analysis: Why Biden's securities regulator faces climate crackdown challenges." The piece discusses how the U.S. securities regulator is pledging to crack down on companies and funds that mislead investors over climate change risks. Ian noted there is a lot of gray area. Proving funds are misleading investors about their investment strategies could be tough without a standard definition for “sustainability” and related terms, he noted. "An oil company spending heavily on renewable energy, for example, could arguably be a sustainable investment," Ian said.