According to the consulting firm Bain, “Covid-19 was a dress rehearsal for climate change”. Unfortunately, this statement stands true, and we can’t deny the impact of the pandemic on the lives of millions around the world.
But while 2020 was a year of pandemic and a havoc situation, it was also a time when the environmental, social and governance (ESG) agenda became an essential topic of discussion among businesses worldwide.
ESG is a complex topic that covers various areas. But majorly, it revolves around a primary aspect: the identification and mitigation of ESG legal risks.
If you haven't come across such risks before, this article will help you understand them. So, dig in to explore eight main ESG legal risks to consider in transaction documents.
Only a few years back, initiatives like corporate social responsibility were championed by consumers and employees in most organizations. Simultaneously, problems such as ethical supply chains and carbon footprints were under strict scrutinization.
Yet, many companies never considered such factors as a vital part of their business objectives. Moreover, most organizations never seriously regulated these issues.
But today, perceptions have changed, and ESG has taken a center table in most boardrooms. Thankfully, many stakeholders have finally realized the impact of environmental, social and governance risks on their profitability and business reputation.
ESG is a...
The U.S. Department of Justice on Thursday announced charges against 15 people, including six medical professionals, for allegedly participating in schemes that collectively submitted $2 billion i...