ESG: ‘The need to respond is immediate’
As ESG impacts every aspect of commercial activity, Dominic Carman examines how the offshore elite is responding to increasing client demand and sustained investment pressure
ESG was the acronym of 2021: environmental, social and governance issues became universally recognised as a key priority for every organisation. But how they are perceived and what they mean in practice remain in a state of flux. Without a single standard definition or a commonly agreed international set of rules, ESG agendas are being set by reference to myriad criteria. For offshore law firms, and for their clients, ESG has therefore become a ubiquitous umbrella term to define a broad range of objectives, commitments and standards, which they increasingly target, support and endorse.
It’s much the same onshore. Browse through the websites of a dozen global law firms and you will find a dozen different visions outlining how they are seeking to combat climate change and embrace ESG. Invariably long on aspiration, but sometimes short on substance, a host of admirable intentions is not always matched by specific details of execution – at least, not yet. The best of them convey the right messages to clients.
In its latest environment report, Latham cleverly combines commitment with commercial opportunity: ‘Our ESG team serves as the centre of a universe that addresses complex legal needs and business challenges, regardless of a client’s industry, size, location or situation. Our lawyers are genuine superconnectors, mobilizing across practices to help clients take advantage of ESG opportunities, manage ESG risks, and drive value through ESG strategies.’ Juxtaposed with ESG, the trigger words are carefully chosen: opportunities, risks and strategies. The future of ESG will certainly feature all of them, creating significant demand for ESG specialism in law firms.
January 2022 News
England’s Lockdown Regulations: a Compressed History
As Sue Gray is set to publish her report into alleged law-breaking in 10 Downing Street during the Covid-19 lockdowns, John Binns, Partner at BCL Solicitors LLP examines how the law has evolved and which rules have applied since March 2020
January 2022 News
David Boies: What Prince Andrew can expect in court from Virginia Giuffre’s lawyer
In a face-to-face interview in New York, before he was instructed by Virginia Giuffre Roberts, David Boies told Dominic Carman about his approach to litigation – from taking depositions and handling juries to dealing with hidden evidence and cross-examining witnesses