Hunton Andrews Kurth lawyers Aaron Flynn and David McSweeney discuss corporate management of external stakeholder interests in environmental social and governance issues, including climate change concerns and associated legal risks that can become presented.
Continue Reading VIDEO Inside Look: ESG Issues
BlackRock Supports ESG as a New Standard for Investing in its Annual CEO Letters
In his annual letter to CEOs, Larry Fink, CEO of BlackRock expressed his belief that climate change and sustainability were important considerations in investment risk assessments. Investment based on these concepts is often captured under Environmental, Social and Governance Criteria, commonly called ESG. In his letter, Mr. Fink emphasized that he believes “we are on the edge of a fundamental reshaping of finance.”
BlackRock’s letter builds on the ever-advancing trend in corporate institutional investing over the past decade regarding the examination of corporate valuation and investment risk within the context of ESG issues, otherwise referred to as sustainable investing.
Continue Reading BlackRock Supports ESG as a New Standard for Investing in its Annual CEO Letters
Proposed Revisions to Equator Principles Reflect Evolving Standards for Global ESG Diligence
Environmental, social and governance diligence has been described as a non-financial mechanism, risk assessment or sustainability strategy. ESG diligence for a particular transaction may take a variety of paths and there are many methodologies that can be used to perform ESG diligence. Lawyers can facilitate the ESG diligence process, assist in the assessment of the various sometimes inconsistent commitments and determine the proper scope and documentation to achieve the client’s goals.
Continue Reading Proposed Revisions to Equator Principles Reflect Evolving Standards for Global ESG Diligence