‘ESG' has well and truly arrived, and has triggered
a new age in business and financial investment strategy. In a
four-part series, Advocate and Partner Anthony Williams and Senior
Associate Alex Thornton de Mauroy, of the Appleby Dispute
Resolution team in Guernsey, examine what is meant by ESG, how it
is measured in terms of data and investment performance, and
finally the legal consequences for stakeholders (directors and
trustees) in getting it wrong. In the first of this series, we look
at ESG with a focus on climate change.
INTRODUCTION – ESG
ESG is widely understood to stand for
‘Environmental', ‘Social' and
‘Governance' and covers a vast array of often
inter-linked issues. Here, we aim to explore one aspect of
‘E' – climate change.