REGULAR FEATURE
BY BHAVINI KALARIA Partner, Dispute Resolution, International Environment, social & governance goals (ESG)
In the business world these goals, otherwise known as ESG (environment, social and governance), are now important for executives and decision-makers. Multiple stakeholders are increasingly demanding that business strategies and purposes are aligned with what McKinsey's term a "more balanced capitalism". The impact of long-term growth won’t be tolerated if it has harmful social and environmental impacts. Samsonite’s “responsible journey” strategy – launched on the back of demands for better end to end environmental accountability – is just such an example. Shareholders
COP26, the government’s own Net Zero Strategy and other green commitments have re-directed attention to sustainable development and environmental goals. Concurrently, public demands and investor interests also seem to have converged in one significant way over the last few years: both have pushed for greater environmental responsibility, more sustainable growth and social accountability.
are increasingly asking for serious action, such as a divestment from carbon-assets, to be taken.
08 THE LEGAL CORNER MAGAZINE | ISSUE 001 SEPTEMBER '22 | ACROSS BORDERS HB
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