Published: 17 March 2022
Formal ESG programs are now a corporate expectation. As programs take shape and mature, legal leaders should be responsible for establishing effective governance and ensure the function’s role aligns with its mandate, unique ability to add value and perspective, and legal and regulatory expertise.
A formal ESG program is now a corporate expectation: Ninety-nine percent of organizations surveyed either already have or are in the process of establishing one.
Fifty-nine percent of organizations have multiple board committees responsible for ESG, driven by its rising importance and the wide range of issues it covers.
Dedicated ESG leadership roles are becoming more common. Forty-six percent of ESG programs are led either by a chief ESG or sustainability officer (or an equivalent role)
ESG programs are highly cross-functional overall, but the legal function plays a critical role in setting up program governance by defining roles, responsibilities,
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Analysts:
Legal and Compliance Research Team
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