ESG disclosures and litigation risk
There are a number of regulatory reporting requirements on businesses operating in the UK which require them to make ESG disclosures (either specifically, or as part of their general disclosure obligations). Additionally, as the sustainability agenda continues to rise in profile and importance, businesses are increasingly opting to make voluntary disclosures, filings or public statements, and we are seeing an increase in the level of detail included in these statements. This is because, as we explain further below, ESG disclosures present businesses with real opportunities to articulate their sustainability agenda and achievements and can assist in mitigating litigation risks faced by a business in respect of climate change and other ESG issues.