ESG stands for “Environmental, Social and Governance” and is the metric used for measuring the sustainability and ethical impact of a business or company.

For the purposes of ESG, the three key measures are:

• Environmental. How an organisation acts towards the welfare of the planet and what kind of impact it has on the environment.
• Social. How an organisation treats its employees, customers, suppliers and local communities. This includes factors such as racial diversity, inclusiveness and recruitment practices.
• Governance. How an organisation is run, including the way it is audited and the way it administers shareholder rights. This also covers attitudes to executive pay as well as how a business communicates and generally interacts with its shareholders.

Climate Change and The Paris Agreement

The Paris Agreement is a legally binding international treaty on climate change, It was adopted by 196 parties at COP 21in Paris, on 12 December 2015, and entered into force on 4 November 2016. Its goal is to limit global warming to well below 2 degrees Celsius (preferably to 1.5) compared to pre-industrial levels.

To achieve this long-term temperature goal, countries aim to reach global peaking of greenhouse gas emissions as soon as possible to achieve a climate neutral world by mid-century.

According to the Grantham Institute’s 2021 ‘Global Trends in Climate Change Litigation Policy Report’, the number of climate change-related cases has more than doubled since the Paris...

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