ANALYSIS: Top Client ESG Concern Is Regulatory Compliance

May 18, 2023, 9:00 AM UTC

The ESG regulatory outlook may be at its most uncertain point yet. And this tension—due to the SEC’s delayed climate rule, investor and regulatory ESG data demands, and an entire range of state legislative proposals on ESG investments—is keeping lawyers busy.

Bloomberg Law’s most recent State of Practice Survey reveals that clients have questions for their lawyers about ESG regulation and ESG-related risks to their reputation—and that ESG data may be a crucial part of the attorney-client dialogue.

Survey: Regulatory Uncertainty Abounds

Of the 802 attorney respondents to the survey, one-third reported that they worked on ESG issues.

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