From a commercial and legal point of view, today’s business leaders have to engage properly with the new reality - that socially responsible and environmentally sustainable practices are a key driver for their business growth. In terms of international investment and longer term trends, we are likely to see increased consideration of ESG goals and safeguards in cross border transactions. If you would like to find out more about this topic, please contact Bhavini Kalaria, partner in our litigation team, and member of our business improvement team.
Often this is for commercial reasons: governments are asking for sustainability criteria to be met, companies with better ESG credentials can out-perform their competitors with correlating staff well-being and performance improvements as employers become more aligned with ESG values. From a legal point of view, reporting of ESG measures has been mainstreamed due to US and European guidelines. For example, the drive for net-zero has led to various measures to reduce emissions in the building sector. This has meant the emergence of energy performance certificates, green finance initiatives and moves aiming to reduce emissions from new builds by 75-80%.
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