With the rise of ESG, showing respect for human rights, which forms part of the “Social” limb, is increasingly an important area on which businesses should be looking to focus. Covid-19 and the Black Lives Matter movement have acted as an “ESG accelerant”, shining a brighter light on areas such as business and human rights.
Welcome to the Linklaters ESG Newsletter and ESG Disputes Bulletin. Each issue of the ESG Newsletter will cover key developments on the full range of ESG topics and our ESG Disputes Bulletin will focus on key developments in contentious ESG matters.
Organisations may feel that they have a good-hearted culture in place but sometimes people still do bad things.
We have been working with Crafty Counsel to produce a series of bite-sized videos, each aimed at exploring what culture is and why it matters through sharing what we have seen in legal practice.
ESG remains a key focus for funds, asset managers and other financial institutions and corporates. In this webinar we explore how in practice energy and infrastructure must adapt in order to transition to net zero carbon emissions by 2050.
In this podcast we talk briefly about the move we are seeing towards conducting environmental due diligence and site visits remotely. This is something various consultants, companies and lenders have been considering for some time with some already carrying out virtual site visits. The travel restrictions imposed as a result of Covid-19 have accelerated the necessity of being able to conduct due diligence and site visits remotely.
This report aims to provide a view on key trends and challenges surrounding ESG for infrastructure funds, implications of different ESG ratings, ESG considerations in the investment cycle and credit ratings considerations, in addition to considering the outlook for ESG in the infrastructure sector and response to key issues impacting infrastructure funds.
The UK government’s Green Finance Strategy includes a commitment to require better reporting on climate risks by listed companies. The Financial Conduct Authority has proposed a new rule to achieve this and is advising companies that existing rules may already require climate-related disclosures.
As we pass the five-year anniversary of the entry of the UK Modern Slavery Act 2015 into force, we reflect on the implementation of the reporting regime, look at recent developments, and provide an overview of the direction of travel and international developments in this area.
New guidance by the UK’s Serious Fraud Office sets out how the agency will take the effectiveness of an organisation’s compliance policy into account as part of an investigation into possible wrongdoing.
"Beyond the strides already being made under current EU State aid policy, the need to achieve “non-economic” environmental objectives is moving quickly up the wider social and political agenda and, in the right circumstances, should successfully trump traditional competition concerns around coordination."
Three sets of rules have been finalised by the EU which will change the way funds and their advisers approach environmental, social and governance factors when they make investments and manage their portfolios.
The Prudential Regulatory Authority or PRA published a supervisory statement earlier this year that requires banks and insurers to begin incorporating climate related financial risk into their governance and management processes. This article originally appeared on Thomson Reuters Regulatory Intelligence, 8 October 2019.
GCs share practical tips and strategies on embedding corporate values and responsible business conduct, integrating ESG factors into decision-making processes, conducting human rights due diligence, using grievance mechanisms and using sustainability principles to navigate through crises.
Green and sustainability linked loans are a hot topic in the loan markets. They are a relatively recent innovation, but volumes have risen dramatically over the past few years to over US$99bn in 2018. The rise of green and sustainability linked loans signals the early stages of a fundamental shift in the wider economy.
The Guide seeks to raise the profile of General Counsel regarding the efforts they are making, and to inspire and encourage other General Counsel and Boards, senior executives and management of their respective organizations to take action and deliver long-term value.