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March 3, 2022 - E. S. G. Three simple letters that have had, and continue to have, an enormous impact on the modern-day workplace. Indeed, over the past several years, ESG programs have taken on a markedly increased importance for domestic and international businesses facing pressure from all directions to align their strategy with environmental, social and governance issues. It is therefore paramount for companies to not only understand the hallmarks of an ESG program, but also the critical role that labor and employment law plays in identifying and addressing ESG risks and opportunities.
This article will explore why ESG is important in the labor and employment setting, and how it intertwines with the modern legal landscape.
Why is ESG important?
Environmental, Social and Governance (ESG) is a broad term that refers to a collective of factors used to evaluate companies.
Environmental factors include traditional issues like climate change but have also evolved to include new issues like replacing the traditional commute with work from home arrangements. Social factors draw on a company's workforce and its involvement with society, and includes topics like diversity, equity, and inclusion and humane...
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