Sustainability & Environmental, Social and Governance (ESG) Advisory Practice
Business leaders face greater pressure to increase their organizations’ resilience while simultaneously addressing social issues of importance to stakeholders. Our advisory practice helps companies navigate the legal, business and political ramifications of developing and implementing ESG initiatives. We advise on matters such as stakeholder engagement, corporate governance, crisis management, corporate social responsibility, sustainability, diversity and inclusion, ethics and compliance.
Interest on the part of investors and other corporate stakeholders in environmental, social and governance (“ESG”) matters has surged in recent years, and the current economic, public health and social justice crises have only intensified this focus. This client alert provides an introduction to ESG and identifies several critical issues for companies and their in-house counsel to keep in mind in evaluating and monitoring ESG actions and statements.
Paul, Weiss has launched a new Sustainability and Environmental, Social and Governance (ESG) Advisory practice to help boards and executives navigate the legal, business and political ramifications of developing and implementing Sustainability and ESG initiatives, including ESG-focused shareholder engagement.
Paul, Weiss’s Sustainability and Environmental, Social & Governance (ESG) Advisory Practice helps clients develop integrated ESG strategies that safeguard corporate reputation, mitigate risk and leverage opportunity.
The Department of Labor recently proposed a rule that would establish that an ERISA fiduciary must evaluate and make investments on behalf of plans subject to ERISA solely on the basis of so-called “pecuniary factors,” and may not take on additional risk or sacrifice returns to promote unrelated environmental, social and corporate governance (ESG) objectives.