Document Type

Article

Publication Date

3-2024

Abstract

Environmental, Social, and Governance (“ESG”) is now dominating the corporate landscape. ESG encompasses a broad array of “Environmental” issues such as climate change, “Social” issues ranging from workplace safety and child labor practices to diversity, equity, and inclusion (“DEI”) initiatives, and “Governance” matters related to shareholder voting rights and board composition.ESG has impacted the behavior of actors across the corporate ecosystem. Shareholders, asset managers, and financial institutions are increasingly demanding that corporations provide more ESG disclosure and make more concrete ESG commitments. Boards have become increasingly focused on ESG oversight, and have increasingly prioritized selecting new directors who have ESG expertise. Corporations have ramped up their ESG engagement, contributing to the steady rise in voluntary ESG disclosure and new ESG commitments, policies, and practices.

Publication Title

Harvard Business Law Review

Publication Citation

14 Harv. Bus. L. Rev. 154 (2024)

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