Major law firms are faced with mounting pressures on environmental, social and governance (ESG) issues from three major directions: regulators, clients, and their own people. To help law firm management understand and address those pressures, Savills Legal Tenant has put together a two-part primer. Part I addresses the nature of the needs of those groups. Part II will follow and cover what strategies can be implemented to address those needs.
The Big Three Pressure Points
- Government regulations are requiring action and transparency on risks and emissions
- Corporate clients are vetting their service providers based on ESG performance
- A new generation of sought-after talent is seeking employers who integrate wellness and sustainability into their work culture