In The New York Times, Michael Littenberg and Josh Lichtenstein Discuss ESG Implications for Second Trump Administration

In The News
November 4, 2024

In The New York Times, partner Michael Littenberg, global head of the ESG, CSR & Business and Human Rights practice, and ERISA and benefits partner Josh Lichtenstein discussed how a second Trump administration could lead to a change for environmental, social and governance (ESG) and climate rules written by their Democratic predecessors.

However, Michael notes that many companies are already voluntarily disclosing climate-related information, a trend he believes will endure. In addition, the state of California has announced stringent corporate climate disclosure rules, as have other governments including the European Union.

The debate over ESG policies is also occurring in federal courts. The Trump administration previously issued a rule restricting employee retirement plans from using ESG principles, which was changed by the Biden administration. Josh notes that a new Trump administration would likely change the rule again.