The legal industry has been navigating a widening divide between states over environmental, social, and governance (“ESG”) issues, with growing concerns about ESG “dispute exposure” from regulators, attorneys general, and others.
Joshua Lichtenstein, partner in the firm’s employment, executive compensation and employee benefits group and head of the firm’s ERISA fiduciary practice, told Bloomberg Law that, “asset managers are very focused on ensuring that messaging about investment philosophies and ESG won’t inadvertently get them prohibited from, or cause difficulties, doing business in certain states.”
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