Stephen Blake,left, and Sareen Armani,right, of Simpson Thacher & Bartlett and . Courtesy photos Challenges to Corporate Decision-Making in the Face of Increasingly Polarized Responses to ESG Initiatives
A wave of "conservative" political lawsuits and advocacy campaigns seeking to advance "anti-ESG" or "anti-woke" themes have resulted in certain companies de-emphasizing disclosure of their ESG initiatives, according to Simpson Thacher & Bartlett's Stephen Blake and Sareen Armani.
September 04, 2023 at 05:00 AM
9 minute read
In recent years, companies and their boards have increasingly focused on environmental, social, and governance initiatives that measure non-financial corporate performance of corporate social impacts. In the past year, we have seen a swing in the pendulum, with heightened scrutiny of—and in some cases outright opposition to—ESG initiatives.
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