We analyse the rising risk of class action litigation and regulatory scrutiny for consumer firms engaging with the ESG agenda.
Investors, consumers and other stakeholders increasingly want to hear from consumer sector companies concerning the environmental, social and governance (ESG) impacts of their businesses. However, as more companies begin sharing the positive ESG stories behind their businesses and brands in investor and consumer-related communications, there is a rising risk of class action litigation and regulatory scrutiny challenging whether those representations are true and not misleading, unsubstantiated or exaggerated compared to the realities of the business and its brands.
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2021