Business Law and Corporate Law

On November 17, 2025, the SEC's Division of Corporation Finance announced that, during the 2025–2026 proxy season, due to resource constraints following the government shutdown and the breadth of existing guidance issued by the staff.

As we have discussed in previous chapters of our ESG Handbook, companies are under increasing pressure to improve the sufficiency and transparency of their ESG disclosures.

On November 18, with the initial reporting deadline of January 1, 2026 rapidly approaching under California's climate reporting law SB 261 (the Climate-related Financial Risk Act), the U.S. Court of Appeals for the Ninth Circuit granted a motion for injunction pending appeal of the law.