As a Chief Legal Officer (CLO), how do you mobilize corporate stakeholders around Environmental Sustainability and Governance (ESG) issues? The United Nations Global Compact’s Sustainable Development Goal 16 offers a framework to articulate key ESG goals within and outside your organization.
The Covid-19 pandemic is not only a major public health crisis, but the kick-start of an irreversible change in the global economic order. In this article, learn how other in-house counsel, executives, and business people rethink responsible investment and implement consistent policies for good environmental, social, and corporate governance practices (known by the acronym ESG - Environmental, Social, and Governance) have been showing great competitive advantage over others.
In Case You Missed It, the Law Department Management Network's February 2021 Legal Quick Hit was titled "How to Develop and Advance an Environment, Social and Governance (ESG) Program." You can view this quick checklist, developed by Seyfarth Shaw LLP, to get a brief snapshot into the program.
ESG, which stands for Environmental, Social and Governance, refers to a stance or an approach to projects, including financial investments.
In this article, this approach is applied to legal and regulatory framework and how it can impact a companies process when they create financial products. This resource was produced in May 2019.
This article from September 2020 provides an overview of 2020 regulatory developments, the impact of the coronavirus pandemic, and the growing importance of Environmental, Social and Governance (ESG) factors in asset management.
On March 4, 2021, the US Securities and Exchange Commission (SEC) announced the creation of a Climate and ESG Task Force in the Division of Enforcement. According to the SEC, the Task Force will develop initiatives to proactively identify ESG-related misconduct in the form of gaps or misstatements of issuer disclosure by means of the Division’s resources, including the collection of tips and whistleblower complaints and the use of data mining and analysis. The Division of Enforcement’s new Climate and ESG Task Force will use data analysis to mine and evaluate registrant information for possible violations.
Law firms and their client companies have been adjusting their long-term growth strategies to more fully address environmental, social, and corporate governance (ESG) issues, particularly to help organizations improve their own sustainability and communicate their societal impact. Learn how to incorporate these values and systems into your work.