There might be some political debate about the motivations behind the Environmental, Social & Governance movement here in the U.S.—especially at the state level where at least 19 states have proposed some form of “anti-woke” legislation. 

But there’s no debating this: The respondents to Baker McKenzie’s latest “The Year Ahead” survey cited ESG disputes as a burgeoning source of risk at their companies. For the seventh year, the firm asked senior legal and risk professionals from companies with more than $500 million in revenue what they anticipate from the year-ahead. In this year’s survey, ESG was by far the type of dispute the 600 respondents—professionals based in the U.K., the U.S., Singapore and Brazil—cited as a potential risk to their organizations.