A Sept. 25 Bloomberg Law article titled “Ethical Investing’s Shifting Winds Force Law Firms to Be Nimble” discusses the growth of ethical investing and corporate social responsibility, reporting that “nimble law firms are responding by creating specialized legal teams.” The article features insights from asset management partner Melissa Bender, strategic transactions partner Michael Littenberg and ERISA partner Josh Lichtenstein.
“We’ve really reached … a tipping point,” Melissa told Bloomberg Law. “ESG integration is here to stay.” Though some companies regard ESG as a recent phenomenon, Michael highlights that ESG and CSR principles have been steering financial decisions for decades, adding that Ropes & Gray is currently working with more than 200 clients, ranging from asset managers to influential trade groups, on ESG-related issues.
In discussing the Labor Department’s proposals to impose significant reporting requirements on retirement plan administrators considering ESG in investments, Josh highlighted that these requirements could ensnare “funds that just include ESG considerations as part of their risk evaluation framework” rather than the activist entities the administration appears to want sidelined.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.