Even so, legal departments must remain integrally involved, as rising regulation and increasing anti-ESG sentiment make the subject a legal and reputational minefield, according to a new report.
July 05, 2023 at 09:44 AM
6 minute read
Reporter
In a “seismic shift,” company boards and top executives increasingly are taking the lead on developing ESG strategy, a responsibility that previously often fell to the legal department, according to a new survey.
Legal departments remain deeply involved in environmental, social and governance matters, but just 9% of respondents to a survey from Corporate Counsel and Morrison & Foerster said their legal departments led ESG strategy, down from 24% a year earlier.
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