Alexander Rhodes, Head of Mishcon Purpose, together with Thomas Bourne, Co-Founder Impact Advisors Group co-wrote a thought piece for Impact Advisors Group, looking at the importance of ESG in good corporate governance.
"Any business leader would acknowledge that an environmental or social scandal would rock the boat and, in some cases, sink it. But such shocks can arise from a series of complex factors which can be difficult to predict and manage, particularly against the fast-paced backdrop of business as usual.
All companies need a solid corporate understanding of ESG risks, and how to deal with them, that keeps pace with developments in global understanding as well as a rapidly shifting regulatory framework. Those risks need to be understood and mitigated against up-to-date benchmarks and, of course, need to run in parallel with statutory and regulatory requirements and sector-specific best practice."
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