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In the UK, even a foreign subsidiary must take a company’s environmental, social, and governance (ESG) responsibilities seriously. Our Litigation Group examines a UK Supreme Court decision that could bring more claims against corporate parents despite their best intentions.
The
Okpabi solidifies four routes of a parent’s liability for a subsidiary’s actions
Expect to see more settlements before or during the formal disclosure process
In the more rarified corporate circles of the UK and continental Europe, it is difficult to avoid discussions of environmental, social, and governance (ESG) and sustainability, brought ever more to the fore by the Covid-19 pandemic, climate change, and an increasingly partisan approach to treatments of economic inequality and associated problems regarding class, ethnicity, and gender. But as undoubtedly important as these issues are, their legal implications outside the purely publi