ESG
Environmental, social, and governance (ESG) issues are taking on increased importance for businesses large and small. Consumers and investors are placing more value on a company’s commitment to ESG ranging from concerns about sustainability to workforce diversity to social responsibility. Companies working to attain their ESG goals and measure their progress face an array of challenges, including reporting standards and increased regulation. Phelps’ ESG team stands ready to help, drawing on our experience across the varied business areas that ESG touches.
The hallmarks for corporate responsibility are changing. With an increased demand for corporate and social transparency and efforts to better align corporate and societal goals, business leaders have even more to balance. Comprehensive sustainability reports and voluntary ESG disclosures have become commonplace. The emphasis on ESG also raises issues that include the scope of board member roles, accountability for stated ESG goals, and compliance with existing legal frameworks.
Our ESG team can help clients seeking to adjust their policies and procedures in these areas, while also balancing future risks and protections. We leverage a cross-practice team to ensure due diligence with reporting and monitoring ESG standards. Our team includes lawyers from our Environmental, Labor and Employment, Business, Cybersecurity and Insurance practices. We recognize that we are in this together, as Phelps seeks to make its own positive impact on ESG issues.
Services
- ESG voluntary and mandatory reporting, including corporate sustainability reports.
- ESG due diligence during M&A, corporate investments and other transactions
- EEO-1 and OSHA-related reporting
- Diversity, equity and inclusion workforce strategies, including skills and risk management training
- Board of Directors advisement on roles and duties
- ESG planning, including policies and procedures
- Reputational risk management
- Litigation defense and alternative dispute resolution