The ESG Report - Hughes Hubbard & Reed’s New ESG Resource Guide, Part 2

Thomas Fox - Compliance Evangelist
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I welcome Alexandra Poe, Andrew Fowler, and Bryan Sillaman of Hughes Hubbard & Reed (HHR) to part two of this series of the ESG Report. Hughes Hubbard & Reed released their newest ESG guide with practical guidance about the most common issues in establishing an ESG program. It also gives companies resources to help them comply with the evolving ESG expectations of regulators and investors.

Key ESG Topics In the Resource Guide

I asked Andrew and Alexandra to highlight the See more +

I welcome Alexandra Poe, Andrew Fowler, and Bryan Sillaman of Hughes Hubbard & Reed (HHR) to part two of this series of the ESG Report. Hughes Hubbard & Reed released their newest ESG guide with practical guidance about the most common issues in establishing an ESG program. It also gives companies resources to help them comply with the evolving ESG expectations of regulators and investors.

Key ESG Topics In the Resource Guide

I asked Andrew and Alexandra to highlight the key ESG topics in the corporate sector covered in the resource guide. Alexandra says that before companies tackle any technical compliance concerns, they must first understand that “[technical compliance] is a topic that involves governance strategy and mission and culture questions.” This resource guide chapter urges corporations to focus on current trends.

Andrew explains that there are many evolving ESG topics in this new social and political climate, so it may be difficult to choose umbrella topics for the corporate sector. However, he explains that most topics can fall into the risk assessment category. Stakeholders and investors always need to ensure they’re investing in a safe business, so risk and mitigation planning is always the main issue.

The Regulatory Environment

I asked Bryan how he assesses the regulatory landscape. Bryan says that the regulatory environment is constantly and rapidly evolving and varies from region to region. The EU is more advanced than the US regarding regulatory efforts: they have several laws in place to limit greenwashing and identify environmentally friendly and sustainable economic activities. However, with the SEC rules in the final stages of being implemented, the US is on pace to become an ESG-friendly landscape.

ESG From An Investor’s Perspective

I asked Alexandra to discuss how funds and investment advisors view ESG. Alexandra explains that ESG is viewed as an expensive commodity within the US. The private sector better implements ESG regulations. The private sector is more likely to urge itself and government-based companies to make better disclosures and examine their practices. She points out that companies always follow through with the ESG regulatory efforts they implement because it boosts their public image and aligns with their mission statement. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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