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18 February 2022 / Clare Hughes-Williams , Sarah Crowther KC
Issue: 7967 / Categories: Opinion , ESG , Environment , Governance
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ESG—friend or foe?

Environmental, social & governance: Clare Hughes‑Williams & Sarah Crowther on why law firms should keep all three top of the agenda if they want to keep the lights on in the long term

ESG (Environmental, Social and Governance) has become a hot topic for businesses across the globe and has seen a meteoric rise in the attention that it receives from business leaders. Law firms are no exception, and there are numerous reasons why they too are (or should be) paying ever closer attention to their ESG credentials.

Although its rise to prominence is a recent phenomenon, ESG and its component parts are not new. ESG emerged as a concept in 2006 when the then secretary-general of the United Nations, Kofi Annan, launched the Principles for Responsible Investors. Those principles were developed with the co-operation of institutional investors and formed the bedrock of ethical investment. This is what we now call ESG.

ESG remained an investment concept until fairly recently. Social inflation has played a prominent role in its

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NEWS
Contract damages are usually assessed at the date of breach—but not always. Writing in NLJ this week, Ian Gascoigne, knowledge lawyer at LexisNexis, examines the growing body of cases where courts have allowed later events to reshape compensation
The Supreme Court has restored ‘doctrinal coherence’ to unfair prejudice litigation, writes Natalie Quinlivan, partner at Fieldfisher LLP, in this week' NLJ
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
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