SEC Enforcement of ESG Issues Through Existing Mechanisms Regardless of whether or not the climate proposal is approved, the SEC is expected to push on ESG issues through existing regulatory mechanisms, as demonstrated by the following recent actions taken by the agency: On April 28, 2022, the SEC charged Vale S.A. [read post]

For example, in March 2023, the SEC entered into a $55.9 million settlement with Vale S.A., a publicly traded Brazilian mining company, to resolve charges related to the company’s “allegedly false and misleading disclosures about the safety of its dams prior to the January 2019 collapse of the Brumadinho dam that killed 270 people. [read post]