ESG and impact litigation: identifying and governing the causes through strategic accountability patterns
Chiara Andreoli,
Chiara Cremasco,
Camilla Falivena
et al.
Abstract:PurposeAs financial firms incorporate impact strategies more extensively into their operations, they are asked to sustain their impact claims and thus face increased risks of regulatory scrutiny and lawsuits from private and public parties. The lack of reliable frameworks to measure impact gives rise to phenomena like impact washing, leading to litigations. This article aims to explore the main factors contributing to the impact litigation risk and the mechanisms employed by practitioners in the impact investi… Show more
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