Will Generic ESG Statements Lead to a Wave of Securities Litigation?
By EsqSocial Corporation 26/04/21
These days, it is commonplace for companies to commit to general concepts like “sustainability” or a “diverse workforce” in public statements and SEC disclosures. But when stock prices drop as a result of specific environmental, social and governance (“ESG”) issues, these seemingly unobjectionable statements may become actionable. A spate of recent cases suggests a rise in ESG lawsuits resulting from incomplete or inaccurate ESG disclosures, and the SEC’s creation of a Climate and ESG Task...
By: Bracewell LLP