The Visionaries - 4th Edition | IR Global

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EXPERT VIEW How can businesses integrate sustainability into their practices? Staying competitive

KEY TAKEAWAYS

Businesses that integrate Environmental, Social, and Governance (ESG) principles benefit from improved risk management, enhanced brand reputation, operational efficiencies, and better access to capital. ESG initiatives help anticipate resource scarcity, reduce costs, open new revenue streams, and attract both investors and talent — especially from sustainability-minded younger generations. Lawyers play a critical role in helping businesses navigate sustainability regulations, draft ESG- aligned contracts, address liabilities in transactions, and design robust corporate governance structures. Legal guidance ensures businesses remain compliant and strategically aligned with global sustainability standards.

respond to clauses proposed by your suppliers and customers to ensure that the correct balance is struck between each party’s responsibilities. We can help mitigate risk in M&A transactions and joint ventures by addressing ESG liabilities in the most appropriate way to protect our client’s business interests. Corporate governance and ESG: We can advise the board of directors on its fiduciary duties related to ESG and help design governance structures that embed sustainability oversight and accountability throughout the organisation. Sustainable finance: It may be that your business can benefit from low-interest rate loans to support its sustainability objectives. We can assist with identifying green bonds, sustainability-linked loans, and impact investment documentation. We can assist businesses to ensure alignment with global taxonomies and sustainability indices. Litigation and dispute resolution: We can defend or advise clients in climate litigation or greenwashing claims, and mediate disputes over ESG obligations or environmental harm. Integrating sustainability is not only compatible with competitiveness – but it also increasingly drives it. The right legal professionals can play a vital role as enablers, guiding companies through compliance, governance, risk management, and sustainable innovation.

Operational efficiency, cost savings and new revenue streams: Simple steps such as reducing waste, water use, and energy consumption, save money over time. We have also seen that sustainability in a company’s supply chain often has positive knock-on effects in terms of innovations in manufacturing, logistics, and product design, resulting in the development of more sustainable products/services and the opening up of new revenue streams. Attracting and retaining talent: Purpose-driven companies see higher employee satisfaction and retention. In terms of younger workforce expectations, Millennials and Gen Z strongly value sustainability and ethics in their employers. Regulatory and legal alignment: ESG programs help companies stay ahead of tightening global disclosure and sustainability regulations (e.g., EU CSRD, US SEC climate rules). It is also the case that companies with strong ESG practices are less likely to face lawsuits for environmental damage or social harms. Long-term value creation: ESG strengthens a company’s ability to adapt to environmental, social, and economic shifts. Studies increasingly show a positive correlation between ESG performance and financial performance, especially over the long term. Businesses should see ESG as a value driver rather than a cost centre. Businesses that proactively embed ESG principles are better positioned to manage risks, capitalise on emerging opportunities, attract capital, and secure a positive social licence to operate in a rapidly changing world. So how can the right lawyers support business to meet ESG challenges? Regulatory compliance and risk management: Lawyers are used to reviewing and interpreting complex regulations. That includes navigating the plethora of sometimes conflicting sustainability-related regulations (e.g. EU CSRD, SEC climate disclosures, carbon taxes) and identifying how those regulations can be applied in a particular

Far from being a burden, ESG is a value driver. Companies that proactively embed ESG into their

operations are better positioned to adapt, mitigate legal and reputational risks, and sustain long-term profitability in a changing global environment.

Katherine Evans Senior Partner, Mirkwood Evans Vincent

client’s business context. We can also advise on international frameworks like the Paris Agreement or the UN Sustainable Development Goals, so that clients can identify in their internal and external communications how they are meeting some key future challenges. Drafting and reviewing contracts: We can draft the most appropriate sustainability clauses for your business contracts, including green leases, supply chain sustainability clauses, and ESG warranties. We can also assess and

Katherine Evans initially pursued a career in marketing and business development, before re-training to become a lawyer in her mid-twenties. After completing articles with Eversheds, she joined specialist shipbuilding practice, Mills & Co., where she remained until joining the international law group of the US telecommunications giant, AT&T in 1997. Katherine held several positions within the AT&T international legal group, before leaving at the end of 2006 to start her own firm, focused initially on providing support to telecommunications and technology businesses on a worldwide basis. Katherine’s work with telecoms and technology companies, brought her to the attention of venture capitalists and private equity professionals eager to do business in these new and emerging industry sectors. Soon some of those venture capitalists and angel investors asked Katherine to start acting for business clients across a wider range of industries because they realised before she did that the skills which make a good technology lawyer also translated well to other business sectors. Today, the firm has two partners and ten lawyers in total, all based in the UK. Katherine’s individual practice continues to focus on helping international clients do business in the UK and UK clients to export their products and services globally.

T here is a whispered concern in boardrooms around the world about the cost of management time involved in complying with ever evolving sustainability requirements across multiple jurisdictions. The voices of those who shout that there is no pressing need for change, and that businesses should just embrace the burning of fossil fuels without any thought of tomorrow, may feel like the tempting choice of staying in bed with a warm cup of coffee vs getting up and going to the gym on a cold winter morning…and yet in business as in life, evolution occurs when we meet our challenges head on. Even better, embracing Environmental, Social and Governance (ESG) principles can offer several strategic advantages for businesses beyond ethical or reputational considerations.

help companies anticipate and adapt to resource scarcity through a better understanding of the factors which are likely to cause increased costs of production in particular geographies. Better oversight of suppliers generally allows businesses to reduce third party exposure to environmental violations, labour abuses, and geopolitical risks with the associated reputational harm that supplier chain misbehaviour can cause. Improved access to capital: ESG- compliant companies attract institutional investors, ESG-focused funds, and impact investors. Strong ESG performance is also seen to be associated with reduced risk, leading to more favourable loan terms and investment rates as well as improved access to grants, tax breaks and subsidies for green initiatives. Enhanced brand reputation and customer loyalty: ESG builds credibility with consumers who favour ethical and sustainable brands, meaning that a strong ESG profile can set a company apart in a crowded market.

ABOUT US...

mirkwoodevansvincent.com

Mirkwood Evans Vincent specialise in advising clients in the telecommunications and business technology sectors in the UK and worldwide, adopting a multi-disciplinary approach, which allows us to focus on all aspects of our clients’ business from initial formation, through re-financing and debt re-structuring, drafting and negotiating customer and supplier facing agreements, advising on the regulatory implications of doing business in a wide variety of jurisdictions, and supporting dispute resolution requirements when they arise.

In the international business environment, we work with clients doing business in Europe, the Middle East, Africa, Asia and the Americas but have developed particular commercial and regulatory expertise in the Middle East and Africa regions. Our partner led approach ensures that a key individual oversees every aspect of each transaction, an aspiration rarely achieved by larger law firms.

Business Advantages of Embracing ESG

+44 203 034 1091 katherine@mirkwoodevansvincent.com irglobal.com/advisor/katherine-evans

Improved risk management : As well as helping businesses to comply with evolving regulations, ESG strategies can

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