There might be some political debate about the motivations behind the environmental, social, and corporate governance (ESG) movement here in the United States—especially at the state level, where at least 19 states have proposed some form of "anti-woke" legislation.
But there's no debating this: The respondents to Baker McKenzie's latest "The Year Ahead" survey cited ESG disputes as a burgeoning source of risk at their companies. For the seventh year, the firm asked senior legal and risk professionals from companies with more than $500 million in revenue what they anticipate in the year ahead. In this year's survey, ESG was by far the type of dispute that the 600 respondents—professionals based in the UK, the U.S., Singapore, and Brazil—cited most frequently as a potential risk to their organizations.
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Ross Todd
Ross Todd is the Editor/columnist for the Am Law Litigation Daily. He writes about litigation of all sorts. Previously, Ross was the Bureau Chief of The Recorder, ALM's California affiliate. Contact Ross at [email protected]. On Twitter: @Ross_Todd.
