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Acknowledgements<br />
We hope you find this toolkit informative and useful. The book is the product of collaboration across many<br />
practices at Hughes Hubbard & Reed. We could not have completed it without the generous efforts of many<br />
members of our ESG Practice, whom we wis<a title="HHR-ESG-Booklet-zMag_Jul2022 page 1" href="https://secure.viewer.zmags.com/publication/8db3a978?page=1"> How To A Resou for Esta an ESG for your ESG: rce</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 2" href="https://secure.viewer.zmags.com/publication/8db3a978?page=2"> Acknowledgements We hope you find this toolkit inf</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 3" href="https://secure.viewer.zmags.com/publication/8db3a978?page=3"> Foreword “[T]he challenge is in the moment; the </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 4" href="https://secure.viewer.zmags.com/publication/8db3a978?page=4"> Table of Contents DEFINING ESG FOR YOUR FIRM . .</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 5" href="https://secure.viewer.zmags.com/publication/8db3a978?page=5"> ESG FOR FUNDS AND ADVISERS. . . . . . . . . . . .</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 6" href="https://secure.viewer.zmags.com/publication/8db3a978?page=6"> 1 Defining ESG </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 7" href="https://secure.viewer.zmags.com/publication/8db3a978?page=7"> Defining ESG For Your Firm 1.1 FRAMEWORKS FOR DI</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 8" href="https://secure.viewer.zmags.com/publication/8db3a978?page=8"> Many organizations launched efforts to offer guid</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 9" href="https://secure.viewer.zmags.com/publication/8db3a978?page=9"> Issuers’ efforts at ESG reporting and disclosure </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 10" href="https://secure.viewer.zmags.com/publication/8db3a978?page=10"> and results. Much has been written on the subject</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 11" href="https://secure.viewer.zmags.com/publication/8db3a978?page=11"> Second, on March 21, 2022, the SEC published a lo</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 12" href="https://secure.viewer.zmags.com/publication/8db3a978?page=12"> The 2021 Guidance notes that the SEC Staff, in re</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 13" href="https://secure.viewer.zmags.com/publication/8db3a978?page=13"> • Create a centralized or coordinated review f</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 14" href="https://secure.viewer.zmags.com/publication/8db3a978?page=14"> Several organizations have developed (or are deve</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 15" href="https://secure.viewer.zmags.com/publication/8db3a978?page=15"> o The Science Base Targets Initiative (SBTi) i</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 16" href="https://secure.viewer.zmags.com/publication/8db3a978?page=16"> o SBTi also publishes field-building work on me</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 17" href="https://secure.viewer.zmags.com/publication/8db3a978?page=17"> 2 Establishing</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 18" href="https://secure.viewer.zmags.com/publication/8db3a978?page=18"> Establishing the ESG Response Team </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 19" href="https://secure.viewer.zmags.com/publication/8db3a978?page=19"> 2.1 THE GOAL SETTERS The first step in assemblin</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 20" href="https://secure.viewer.zmags.com/publication/8db3a978?page=20"> The remit of the Program Developers is to assess </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 21" href="https://secure.viewer.zmags.com/publication/8db3a978?page=21"> 2.4 THE OUTSIDE CONSULTANTS There are several g</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 22" href="https://secure.viewer.zmags.com/publication/8db3a978?page=22"> Survey findings: Perceptions of business imp</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 23" href="https://secure.viewer.zmags.com/publication/8db3a978?page=23"> Fair prices, wages and labor conditions motivate </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 24" href="https://secure.viewer.zmags.com/publication/8db3a978?page=24"> supporting ESG priorities.7 Accordingly, the ESG </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 25" href="https://secure.viewer.zmags.com/publication/8db3a978?page=25"> 2.5 THE GOVERNMENT There must be a role on a co</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 26" href="https://secure.viewer.zmags.com/publication/8db3a978?page=26"> 2.7 THE COMPLIANCE TEAM Last, but not least, th</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 27" href="https://secure.viewer.zmags.com/publication/8db3a978?page=27"> 3 Regulations an</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 28" href="https://secure.viewer.zmags.com/publication/8db3a978?page=28"> Regulations and Foreseeable Developments 3.1 EU</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 29" href="https://secure.viewer.zmags.com/publication/8db3a978?page=29"> • certain undertakings which are subject to th</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 30" href="https://secure.viewer.zmags.com/publication/8db3a978?page=30"> Enforcement will play a key role in ensuring the </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 31" href="https://secure.viewer.zmags.com/publication/8db3a978?page=31"> Under the SFDR, financial market participants are </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 32" href="https://secure.viewer.zmags.com/publication/8db3a978?page=32"> It is important to note that the SFDR does not pr</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 33" href="https://secure.viewer.zmags.com/publication/8db3a978?page=33"> The CSRD aims to harmonize and simplify sustainab</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 34" href="https://secure.viewer.zmags.com/publication/8db3a978?page=34"> 3.2 UNITED STATES SEC Regulation of Environment</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 35" href="https://secure.viewer.zmags.com/publication/8db3a978?page=35"> Meanwhile, the SEC wrestled with its duty and aut</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 36" href="https://secure.viewer.zmags.com/publication/8db3a978?page=36"> While the 2010 Guidance was a first step in the ri</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 37" href="https://secure.viewer.zmags.com/publication/8db3a978?page=37"> the availability of the new information proposed </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 38" href="https://secure.viewer.zmags.com/publication/8db3a978?page=38"> SEC Regulation of Social and Governance Disclosur</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 39" href="https://secure.viewer.zmags.com/publication/8db3a978?page=39"> Also, on August 6, 2021, the Commission approved </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 40" href="https://secure.viewer.zmags.com/publication/8db3a978?page=40"> 5. postponed the effectiveness of a 2019 rule t</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 41" href="https://secure.viewer.zmags.com/publication/8db3a978?page=41"> Other Agencies and the Executive Branch Presiden</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 42" href="https://secure.viewer.zmags.com/publication/8db3a978?page=42"> • descriptions of governance arrangements and </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 43" href="https://secure.viewer.zmags.com/publication/8db3a978?page=43"> In December 2021, China’s Ministry of Ecology and</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 44" href="https://secure.viewer.zmags.com/publication/8db3a978?page=44"> In December 2021, the Singapore Exchange publishe</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 45" href="https://secure.viewer.zmags.com/publication/8db3a978?page=45"> India In May 2021, the Securities and Exchange B</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 46" href="https://secure.viewer.zmags.com/publication/8db3a978?page=46"> These tools have several objectives: to assist lo</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 47" href="https://secure.viewer.zmags.com/publication/8db3a978?page=47"> More recently, in December 2021, the Tunis Stock </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 48" href="https://secure.viewer.zmags.com/publication/8db3a978?page=48"> Kenya Since the adoption of the Nairobi Securiti</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 49" href="https://secure.viewer.zmags.com/publication/8db3a978?page=49"> In addition, Australia has introduced, at the fed</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 50" href="https://secure.viewer.zmags.com/publication/8db3a978?page=50"> 3.7 LATIN AMERICA Introduction Over the last s</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 51" href="https://secure.viewer.zmags.com/publication/8db3a978?page=51"> In 2020, Suzano, one of the largest pulp and pape</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 52" href="https://secure.viewer.zmags.com/publication/8db3a978?page=52"> These developments come at a time when Mexico’s g</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 53" href="https://secure.viewer.zmags.com/publication/8db3a978?page=53"> Paraguay Paraguay has had a strong commitment to</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 54" href="https://secure.viewer.zmags.com/publication/8db3a978?page=54"> 4 ESG for Lende</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 55" href="https://secure.viewer.zmags.com/publication/8db3a978?page=55"> ESG for Lenders and Borrowers 4.1 OVERVIEW OF S</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 56" href="https://secure.viewer.zmags.com/publication/8db3a978?page=56"> Recent Developments in the ESG Market The focus </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 57" href="https://secure.viewer.zmags.com/publication/8db3a978?page=57"> • Occidental Petroleum Corporation (“Occidenta</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 58" href="https://secure.viewer.zmags.com/publication/8db3a978?page=58"> For the environmental indicator, a renewable-ener</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 59" href="https://secure.viewer.zmags.com/publication/8db3a978?page=59"> Deciding what qualifies as “green,” “social” or “s</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 60" href="https://secure.viewer.zmags.com/publication/8db3a978?page=60"> Documentation Loan Agreements. In the ESG contex</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 61" href="https://secure.viewer.zmags.com/publication/8db3a978?page=61"> Some lenders seek to build long-term relationship</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 62" href="https://secure.viewer.zmags.com/publication/8db3a978?page=62"> Islamic Finance Overview Islamic finance is a typ</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 63" href="https://secure.viewer.zmags.com/publication/8db3a978?page=63"> As discussed in Chapter 4.1—Overview of Sustainab</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 64" href="https://secure.viewer.zmags.com/publication/8db3a978?page=64"> A sustainable sukuk is a sharia-compliant investm</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 65" href="https://secure.viewer.zmags.com/publication/8db3a978?page=65"> Even in the case of a true sale of assets to the </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 66" href="https://secure.viewer.zmags.com/publication/8db3a978?page=66"> Further Considerations Modern Islamic finance has</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 67" href="https://secure.viewer.zmags.com/publication/8db3a978?page=67"> 5 ESG for Operat</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 68" href="https://secure.viewer.zmags.com/publication/8db3a978?page=68"> ESG for Operating Companies 5.1 PUBLIC COMPANY </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 69" href="https://secure.viewer.zmags.com/publication/8db3a978?page=69"> The SEC’s voluminous March 2022 release, proposin</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 70" href="https://secure.viewer.zmags.com/publication/8db3a978?page=70"> • The 2010 interpretative guidance,6 focused p</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 71" href="https://secure.viewer.zmags.com/publication/8db3a978?page=71"> 4. The physical effects of climate change on op</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 72" href="https://secure.viewer.zmags.com/publication/8db3a978?page=72"> 3. Reputational risk; 4. Physical effects of</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 73" href="https://secure.viewer.zmags.com/publication/8db3a978?page=73"> • Financial statement metrics: The audited fina</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 74" href="https://secure.viewer.zmags.com/publication/8db3a978?page=74"> Each registrant would provide these disclosures i</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 75" href="https://secure.viewer.zmags.com/publication/8db3a978?page=75"> Because these disclosures will be mandatory to th</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 76" href="https://secure.viewer.zmags.com/publication/8db3a978?page=76"> 5.2 STAKEHOLDER CAPITALISM “In essence, the New</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 77" href="https://secure.viewer.zmags.com/publication/8db3a978?page=77"> However, in the second half of the twentieth cent</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 78" href="https://secure.viewer.zmags.com/publication/8db3a978?page=78"> Stakeholder capitalism is not just a salve for pr</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 79" href="https://secure.viewer.zmags.com/publication/8db3a978?page=79"> The Conference Board ESG Center held a series rou</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 80" href="https://secure.viewer.zmags.com/publication/8db3a978?page=80"> CLOs: The Conference Board’s CLO participants vie</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 81" href="https://secure.viewer.zmags.com/publication/8db3a978?page=81"> 5.3 SHAREHOLDER ACTIVISM "[W]e are on the front</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 82" href="https://secure.viewer.zmags.com/publication/8db3a978?page=82"> Activist campaigns that are well-planned29 have g</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 83" href="https://secure.viewer.zmags.com/publication/8db3a978?page=83"> • Interest in cultivating the attention ESG-re</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 84" href="https://secure.viewer.zmags.com/publication/8db3a978?page=84"> 5.4 PUBLIC VS. PRIVATE COMPANIES Much of the fo</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 85" href="https://secure.viewer.zmags.com/publication/8db3a978?page=85"> Impact investing in particular, as a style of ESG</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 86" href="https://secure.viewer.zmags.com/publication/8db3a978?page=86"> 6 ESG for Funds</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 87" href="https://secure.viewer.zmags.com/publication/8db3a978?page=87"> ESG for Funds and Advisers A vast proportion of </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 88" href="https://secure.viewer.zmags.com/publication/8db3a978?page=88"> 6.2 APPLICABLE LAW AND REGULATION United States</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 89" href="https://secure.viewer.zmags.com/publication/8db3a978?page=89"> The SEC has not adopted any specific rules around </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 90" href="https://secure.viewer.zmags.com/publication/8db3a978?page=90"> The second proposal prescribes new disclosure req</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 91" href="https://secure.viewer.zmags.com/publication/8db3a978?page=91"> • Impact Funds are a subset of ESG-Focused Fun</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 92" href="https://secure.viewer.zmags.com/publication/8db3a978?page=92"> Recent Enforcement Actions. In 2021, the Division</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 93" href="https://secure.viewer.zmags.com/publication/8db3a978?page=93"> In October 2021, the UK’s economic and finance min</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 94" href="https://secure.viewer.zmags.com/publication/8db3a978?page=94"> • Funds and Advisers that claim to follow part</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 95" href="https://secure.viewer.zmags.com/publication/8db3a978?page=95"> in March 2021, and Level 2 technical standards go</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 96" href="https://secure.viewer.zmags.com/publication/8db3a978?page=96"> The FCA proposed two initiatives relating to sust</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 97" href="https://secure.viewer.zmags.com/publication/8db3a978?page=97"> • French authorities have adopted an SRI label</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 98" href="https://secure.viewer.zmags.com/publication/8db3a978?page=98"> • Principles for Responsible Investment (PRI),</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 99" href="https://secure.viewer.zmags.com/publication/8db3a978?page=99"> • The Investor Agenda publishes a comprehensiv</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 100" href="https://secure.viewer.zmags.com/publication/8db3a978?page=100"> • The IFRS Foundation established the ISSB, wi</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 101" href="https://secure.viewer.zmags.com/publication/8db3a978?page=101"> 6.5 QUALIFIED BENEFIT PLANS/FIDUCIARY DUTY Qual</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 102" href="https://secure.viewer.zmags.com/publication/8db3a978?page=102"> The DOL withdrew the 2008 guidance and confirmed i</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 103" href="https://secure.viewer.zmags.com/publication/8db3a978?page=103"> In 2021, as part of an omnibus executive order,41</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 104" href="https://secure.viewer.zmags.com/publication/8db3a978?page=104"> 7 Topics Your ES</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 105" href="https://secure.viewer.zmags.com/publication/8db3a978?page=105"> Topics Your ESG Program May Cover 7.1 NET ZERO </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 106" href="https://secure.viewer.zmags.com/publication/8db3a978?page=106"> 2. Identifying and quantifying the company’s Sc</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 107" href="https://secure.viewer.zmags.com/publication/8db3a978?page=107"> In February 2022, the New Climate Institute and C</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 108" href="https://secure.viewer.zmags.com/publication/8db3a978?page=108"> • Measurement criteria: Measurement criteria c</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 109" href="https://secure.viewer.zmags.com/publication/8db3a978?page=109"> • Offsets versus reductions: Ten of the 25 ass</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 110" href="https://secure.viewer.zmags.com/publication/8db3a978?page=110"> It is not just operating companies that are findin</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 111" href="https://secure.viewer.zmags.com/publication/8db3a978?page=111"> The rationale behind TNFD is that natural resourc</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 112" href="https://secure.viewer.zmags.com/publication/8db3a978?page=112"> • Guidance for TNFD’s risk assessment methodol</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 113" href="https://secure.viewer.zmags.com/publication/8db3a978?page=113"> TNFD plans to publish subsequent beta versions of</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 114" href="https://secure.viewer.zmags.com/publication/8db3a978?page=114"> starting to tackle these challenges.47 In other w</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 115" href="https://secure.viewer.zmags.com/publication/8db3a978?page=115"> o ENCORE (Exploring Natural Capital Opportunit</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 116" href="https://secure.viewer.zmags.com/publication/8db3a978?page=116"> • The EU Business @ Biodiversity Platform is a</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 117" href="https://secure.viewer.zmags.com/publication/8db3a978?page=117"> 7.3 DIVERSITY, EQUITY, AND INCLUSION The “Socia</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 118" href="https://secure.viewer.zmags.com/publication/8db3a978?page=118"> • Inclusion: Inclusion focuses on ensuring tha</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 119" href="https://secure.viewer.zmags.com/publication/8db3a978?page=119"> Nasdaq Rules 5605(f), 5606, and 5900-9 On Augus</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 120" href="https://secure.viewer.zmags.com/publication/8db3a978?page=120"> Shareholder derivative lawsuits In past years, </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 121" href="https://secure.viewer.zmags.com/publication/8db3a978?page=121"> 7.4 DUTY OF CARE AND ANTI-SLAVERY Regulatory Fr</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 122" href="https://secure.viewer.zmags.com/publication/8db3a978?page=122"> While certain bills are intended to prevent speci</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 123" href="https://secure.viewer.zmags.com/publication/8db3a978?page=123"> The extent of the above obligations varies depend</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 124" href="https://secure.viewer.zmags.com/publication/8db3a978?page=124"> 8 ESG Investigat</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 125" href="https://secure.viewer.zmags.com/publication/8db3a978?page=125"> ESG Investigations and Enforcement A need for </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 126" href="https://secure.viewer.zmags.com/publication/8db3a978?page=126"> Where an allegation involves a potential violatio</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 127" href="https://secure.viewer.zmags.com/publication/8db3a978?page=127"> From the earliest stages of an investigation, the</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 128" href="https://secure.viewer.zmags.com/publication/8db3a978?page=128"> Team (cf. Chapter 3), who should be subject-matte</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 129" href="https://secure.viewer.zmags.com/publication/8db3a978?page=129"> important to note that a company’s obligation to </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 130" href="https://secure.viewer.zmags.com/publication/8db3a978?page=130"> The Department of Justice also offers leniency or</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 131" href="https://secure.viewer.zmags.com/publication/8db3a978?page=131"> Similarly, a company may consider voluntarily rep</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 132" href="https://secure.viewer.zmags.com/publication/8db3a978?page=132"> At the outset of an interview, the investigation </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 133" href="https://secure.viewer.zmags.com/publication/8db3a978?page=133"> 8.3 REMEDIATION Remediation efforts should begi</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 134" href="https://secure.viewer.zmags.com/publication/8db3a978?page=134"> GLOSSARY OF ESG-RELATED TERMS Carbon Footprint </a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 135" href="https://secure.viewer.zmags.com/publication/8db3a978?page=135"> Dynamic Materiality o A concept that acknowl</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 136" href="https://secure.viewer.zmags.com/publication/8db3a978?page=136"> Greenwashing o When an organization presents</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 137" href="https://secure.viewer.zmags.com/publication/8db3a978?page=137"> Stewardship o The use of influence by ESG-min</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 138" href="https://secure.viewer.zmags.com/publication/8db3a978?page=138"> ESG TOOLKIT INDEX OF ORGANIZATIONS Business Roun</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 139" href="https://secure.viewer.zmags.com/publication/8db3a978?page=139"> Climate Action 100+ o An investor-led initia</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 140" href="https://secure.viewer.zmags.com/publication/8db3a978?page=140"> European Commission High-Level Expert Group (HLEG</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 141" href="https://secure.viewer.zmags.com/publication/8db3a978?page=141"> Net Zero Asset Managers Initiative o An inte</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 142" href="https://secure.viewer.zmags.com/publication/8db3a978?page=142"> Task Force on Climate-related Financial Disclosur</a>
<a title="HHR-ESG-Booklet-zMag_Jul2022 page 143" href="https://secure.viewer.zmags.com/publication/8db3a978?page=143"> World Economic Forum International Business Counc</a>