ENVIRONMENT AND SOCIAL GOVERNANCE (ESG): IMPLICATION FOR IN-HOUSE COUNSEL

INTRODUCTION

Environmental, social, and governance (ESG) considerations are now crucial in determining how multinational corporations operate globally, and they have a big impact on the duties and role of in-house counsel. For in-house counsel, this means dealing with an environment where their role expands beyond traditional legal advice to include ESG strategy integration, compliance with evolving regulations and oversight of corporate sustainability initiatives. The latter is the same globally including Germany, Denmark, Singapore, Greece, Sweden, United States, Oman etc. In these jurisdictions and across the board, in-house counsel are at the forefront of understanding how environmental, social and governance criteria have an impact on regulatory risks, corporate reputations as well as stakeholder relationships to guide their organisations towards a complex framework for sustainable business practices.

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