Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 37

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 37
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certain institutional

investors, investment

funds, lenders

and other

market participants

are increasingly focused on ESG practices and in recent years have placed increasing importance on the

implications and social

cost of their

investments. Companies

which do not

adapt to or

comply with investor,

lender

or

other

industry

shareholder

expectations

and

standards,

which

are

evolving,

or

which

are

perceived

to

have

not

responded

appropriately

to

the

growing

concern

for

ESG

issues,

regardless

of

whether

there

is

a

legal requirement

to

do

so,

may

suffer

from

reputational damage

and

the

business,

financial condition, and/or stock price of such a company could

be materially and adversely affected.

In

February

2021,

the

former

Acting

Chair

of

the

SEC

issued

a

statement

directing

the

Division

of

Corporation Finance

to enhance

its focus

on climate-related

disclosure in

public company

filings and

in

March

2021

the

SEC

announced

the

creation

of

a

Climate

and

ESG

Task

Force

in

the

Division

of

Enforcement (the “ Task Force”). The Task Force’s goal is to

develop initiatives

to proactively identify

ESG-

related misconduct consistent with increased investor

reliance on climate and ESG-related disclosure

and

investment.

To

implement the Task Force’s purpose, the

SEC has taken

several enforcement actions,

with

the first enforcement

action taking place

in May 2022,

and promulgated new

rules. On March

21, 2022, the

SEC proposed that all

public companies are to include

extensive climate-related information in their

SEC

filings. On

May 25,

2022, SEC

proposed a

second set

of rules

aiming to

curb the

practice of

"greenwashing"

(i. e., making

unfounded claims

about one's

ESG efforts)

and would

add proposed

amendments to

rules

and reporting

forms that

apply to

registered investment

companies and

advisers, advisers

exempt