Analysis

Industry pushing companies to recognise ESG impact on D&O risks

By Jon Guy 2023-04-24T12:47:00

ESG D&O claims

’Directors have a duty of care around a business’ impact on the community and environment and there is also the duty to maintain a high level of business conduct,’ says partner

There are growing concerns that companies are facing a rising tide of claims against their directors and officers (D&O) over their environmental, social and governance (ESG) performance.

The issue has been highlighted by the ongoing case in which activist shareholders of energy giant Shell have lodged a claim with the UK High Court to be allowed to sue the company’s directors personally for alleged failures by the firm to meet its climate promises.

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