ESG has moved up the corporate agenda rapidly in the last 12 months. Here Bruce Macmillan, General Counsel at law firm Irwin Mitchell, explains why it’s so important that all businesses map out their road ahead.
There’s no doubt that ESG is now front and centre for all businesses. Whether it is in the supply to the business, in the supply from the business, in the stakeholder and regulator expectations of the business, or in colleague expectations of their employer, it’s now all-pervasive.
Although getting ESG right is now at the heart of helping the business to get “it” right overall, not all businesses have an ESG plan or a strategy for implementing it. There is also uncertainty as to which business function should be leading on it.
So what are firms currently doing?
Together with Legal 500 publication, GC magazine, we recently published a joint report to examine some of these issues among the in-house lawyer community.
The ‘ESG Risk Research Survey Report: 2021’, which documents the thoughts and opinions of more than 190 organisations, found that nine out of ten companies have either implemented a formal ESG plan or are in the process of developing one.
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