Environmental, Social, and Governance (ESG)
ESG, or Environmental, Social, and Governance, represents a set of criteria used to evaluate a company’s performance in key areas.
- “E” stands for Environmental and focuses on a company’s impact on the environment, including its carbon footprint, energy consumption, and sustainability efforts.
- “S” stands for Social and examines a company’s relationships with employees, customers, and communities, covering aspects such as labor practices, diversity, and community engagement.
- “G” stands for Governance and assesses a company’s internal controls, leadership structure, and overall corporate behavior, including board composition and company’s policies.
In a world increasingly focused on environmental responsibility, we support ESG compliant businesses. Indeed, big projects all over the world are progressively requesting ESG compliance from companies wishing to participate.
Investors and stakeholders increasingly consider ESG factors when making decisions, emphasizing a company’s sustainability and impact on the world.
ESG is becoming now an influencer key for corporate strategies, risk management, and investor attraction, reflecting a broader shift towards responsible and socially conscious business practices.
Our legal team is committed to guiding businesses and organizations towards a sustainable structure as we recognize the growing importance of ESG compliance.
Our ESG Legal Services prioritize the Social and Governance aspects, offering comprehensive support in various areas:
- Corporate Governance: advising on and enhancing corporate governance structures to ensure ethical business practices and compliance with regulatory standards.
- Acquisition process: Providing legal guidance throughout the acquisition process to mitigate ESG risks, compliance and rating report in order to facilitate smooth transactions.
- Legal Due Diligence: this involves an assessment of risks, opportunities and ESG compliance with emerging regulatory requirements, enabling informed decision-making and safeguarding your business reputation.
- Contract Revision: reviewing and optimizing contracts, including EPC contracts, sales agreements and bids, to adjust with ESG principles and mitigate potential legal challenges.
- Drafting of internal policies: developing internal policies tailored to ensure the company compliance with ESG standards. This includes crafting policies promoting responsible business practices and ethical conduct
- Labour ESG Compliance: establishing and revising key documents such as employee handbooks, Codes of Conduct, and Whistleblowing procedures to ensure alignment with ESG principles. This helps create a positive workplace culture while addressing social and governance considerations.
In many international projects, including the Kingdom of Saudi Arabia (KSA) as a notable example, there’s a growing emphasis on ESG compliance. This means projects want to make sure they’re environmentally friendly, treat people well, and have good business practices. In places like KSA, companies working on big projects are expected to follow specific rules that highlight the importance of environmental, social, and governance considerations. This trend reflects a global awareness of the significance of responsible and sustainable business practices.
