ESG liability: risks increasing for multinational companies | Practical Law

ESG liability: risks increasing for multinational companies | Practical Law

In recent years, companies have faced a new imperative to implement and report environmental, social and governance compliance measures. The sharp focus on ESG compliance has naturally led to increased litigation and enforcement risks for companies. Claims have generally been based on the tort of negligence, and often focus on defendants in industries such as mining and oil and gas.

ESG liability: risks increasing for multinational companies

Practical Law UK Articles w-031-0879 (Approx. 6 pages)

ESG liability: risks increasing for multinational companies

by James Brady, Marina Zarubin, Quinten De Keersmaecker and Clara Cibrario Assereto, Cleary Gottlieb Steen & Hamilton LLP
Published on 27 May 2021European Union, United Kingdom
In recent years, companies have faced a new imperative to implement and report environmental, social and governance compliance measures. The sharp focus on ESG compliance has naturally led to increased litigation and enforcement risks for companies. Claims have generally been based on the tort of negligence, and often focus on defendants in industries such as mining and oil and gas.