Founder I CEO l Blue ESG | Captain. I bring ESG thought leadership to the luxury maritime sector. Blue ESG is a unique fully managed ESG service provider for the maritime industry.
Law Firms Struggle to Walk the Walk on ESG Recent data from Lamp House Strategy’s Second Annual Report show law firms in the US and UK lagging on a variety of ESG issues from climate programs to human capital management. ❎ - 97% [of firms] do not disclose whether they have a matter take-on policy/business acceptance criteria in place which considers responsible business factors. ❎ - 93% have not conducted a materiality assessment with key stakeholders in the last three years. ❎ - 92% do not have a risk register/monitoring tool which considers environmental and/or social risks. ❎ - 83% do not have a dedicated head of responsible business (though UK firms are more likely to have one). ❎ - 77% do not set any targets around total pro bono hours across the firm (though US firms are more likely to have a target). This data is discouraging and shows great room for improvement for ESG at law firms. Lawyers often think of themselves as leaders in the ESG space, but thought leadership and sharing best practices with clients isn’t enough. To be leaders, we should work harder to lead by example. And don’t forget – legal services are themselves a part of company supply chains. Clients and other stakeholders may come looking for ESG data and achievements soon – when they do, law firms will want to show programs, performance and controls for ESG. Source PracticalESG.com --------- I'm genuinely shocked that law firms are lagging on ESG. Considering the torrent of regulation that his coming down the pipe, there is opportunity for law firms to benefit from corporate ESG performance as well as increasing revenue by adding a multitude of new private and corporate ESG legal services. 🚀 Don't miss out on both a market positioning and a commercial opportunity. Blue ESG, delivering tailored solutions to suit the ESG needs of your business and UHNW clients. If you're a law firm servicing UHNWI's & luxury asset management, Blue ESG is a unique fully managed #ESG service provider delivering tailored solutions to suit the ESG needs of your business and #UHNW clients. Blue ESG has a comprehensive portfolio of solutions to hep with topics such as: ✅ Stakeholder Materiality Assessment ✅ Climate Risk Management ✅ Social Risk Management 🏅Be The Winner! Contact Blue ESG today to become a member of our 'best in class' partnership eco system, and experience benefits like: ✅ Unlock ESG opportunity 💶 Increase Profit 🇪🇺 Mitigate risk 📖 Align with regulation 🌐 Leadership status 🫶🏽 Improve reputation https://lnkd.in/d-qD_Smn
