Climate change is among the greatest challenges facing humanity today. Governments, the financial sector, corporations, and general society are all working to prevent and mitigate external factors, with encouragement for adopting renewable energy sources and practices to reduce greenhouse gas emissions.
In recent years we have seen an exponential growth in ESG (Environmental, Social, Governance) investment, guided by the creation of shared value among business and society. The adherence to ESG criteria has changed the way companies and investors do business, basing portfolio decisions on projects’ environmental impact, and allocating funds to ESG-facing assets.
In this milieu, ESG-based climate litigation has become even more widespread throughout the world, showing society’s true appropriation of environmental and sustainable causes. This legal tool takes debates, guidelines, and liabilities regarding greenhouse gas emissions to the courts, as a means of oversight for governments and corporations.
According to the Global Climate Litigation Report:...
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