Directors Who Manipulate ESG

[Gunnar Larson]

Check out my new article:
https://litigationfinancejournal.com/directors-who-manipulate-esg/

Directors Who Manipulate ESG

As “green values” are still being defined by corporations around the world,
public attention is playing a major role in holding corporations
accountable for mistreating ESG investment(s). In the United Kingdom, many
are calling for directors to be held personally responsible for
misapplication of ESG funds. Especially when a company goes into insolvency
and there is no capital left due to mismanagement and misappropriation.

Stewarts Law LLP recently
<https://www.stewartslaw.com/news/could-directors-of-insolvent-companies-become-personally-liable-for-esg-breaches/>
debated
standard logic, arguing that directors who knowingly engage ESG abuses to
inflate returns may face consequences. Stewarts suggests that directors who
operate in such a manner could be ‘on the hook’ for ESG fraud by deceiving
shareholders and customers alike.

One such example is ClientEarth, a non-governmental organization which is a
shareholder of Royal Dutch Shell PLC. ClientEarth is exploring a potential
ESG claim against Shell’s board of directors. To help address this
problematic scenario, the United Kingdom has issued financial disclosure
recommendations sponsored by the Taskforce for Climate-related
Disclosures.

Whatever the case maybe, Stewarts suggests that directors can expect
growing scrutiny on ESG investment disclosures in the future. Furthermore,
Stewarts recommends that directorships prevent personal liability by
well-funded claimants looking to claw back investment dollars lost due to
ESG classification.
-- 
*Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>*
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G at xNY.io
+1-646-454-9107
New York, New York 10001
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