{"id":27571,"date":"2021-06-11T11:13:24","date_gmt":"2021-06-11T11:13:24","guid":{"rendered":"https:\/\/www.legal500.com\/events\/?page_id=27571"},"modified":"2022-01-18T12:50:14","modified_gmt":"2022-01-18T12:50:14","slug":"demystifying-esg-in-latin-america-a-guide-for-general-counsel","status":"publish","type":"page","link":"https:\/\/my.legal500.com\/events\/webinars-home\/demystifying-esg-in-latin-america-a-guide-for-general-counsel\/","title":{"rendered":"ESG, fiduciary duty and shareholder activism: from theory to action"},"content":{"rendered":"<p>There is an ongoing discussion in the financial community, on whether integrating ESG factors into financial analysis should be officially considered as part of the fiduciary duty of financial advisors and decision takers.<!--more--><\/p>\n<p>This discussion is shaping the current financial paradigm and could be instrumental in the development of mandatory adoption of ESG factors in the near future.<\/p>\n<p>In any case, we are currently witnessing strong shareholder activism and engagement in public (and non-public) companies, demanding the thorough embracing of ESG policies in the context of the companies\u2019 operations.<\/p>\n<p><strong>Talking points<\/strong><\/p>\n<p><em>\u00a0<\/em>Could we now consider ESG officially as a component of fiduciary duty?<\/p>\n<ul>\n<li>If ESG factors are not accounted or integrated during financial analysis by financial advisors, financial institutions, funds or banks, would this be a punishable dereliction of fiduciary duty by decision takers?<\/li>\n<li>Last May, activist shareholders\u00a0<a href=\"https:\/\/edition.cnn.com\/2021\/05\/26\/business\/exxon-annual-meeting-climate-oil\/index.html\" data-auth=\"NotApplicable\" data-linkindex=\"0\">ousted two Exxon&#8217;s top directors over the company&#8217;s foot-dragging on climate change<\/a>, on a landmark example of rising activism from shareholders seeking a more sustainable way of doing business. Will this activism become the norm, or is it just a hiccup in the business-as-usual paradigm?<\/li>\n<li>Analyse to what extent there has been a lobbying effort by stakeholders to integrate ESG requirements into legislation, especially reporting obligations.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>There is an ongoing discussion in the financial community, on whether integrating ESG factors into financial analysis should be officially considered as part of the fiduciary duty of financial advisors and decision takers.<\/p>\n","protected":false},"author":20,"featured_media":28191,"parent":20789,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-27571","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/27571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/comments?post=27571"}],"version-history":[{"count":1,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/27571\/revisions"}],"predecessor-version":[{"id":31970,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/27571\/revisions\/31970"}],"up":[{"embeddable":true,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/20789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/media\/28191"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/media?parent=27571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}