HSF's New Tool Tracks Global ESG Laws & Regulations
Key Takeaways
Companies can now navigate the evolving world of ESG regulations with a new tool from Herbert Smith Freehills.
The Global ESG Tracker uses AI and human expertise to monitor legal developments across all ESG issues.
Customised reports help businesses prepare for upcoming sustainability and legal reporting requirements.
Herbert Smith Freehills (HSF) has launched an innovative tool to help businesses navigate the ever-changing landscape of Environmental, Social, and Governance (ESG) regulations.
The Global ESG Tracker, developed over 18 months, combines human and artificial intelligence (AI) to monitor legal developments related to ESG in all jurisdictions globally.
Comprehensive Coverage across ESG Issues
The tracker gathers information on various ESG topics, including climate change policies, biodiversity protection, the energy transition, water and waste management, employee conditions, human rights, and even directors' duties.
Actionable Insights for Businesses
When changes in policy, regulation, or legislation are identified, the information is fed into a central platform. This allows HSF to generate customised reports for clients. These reports equip teams to prepare for upcoming legal, sustainability, and financial reporting requirements, ensuring they can take proactive steps to comply.
Addressing the Growing Demand for ESG Transparency
"The principles on which ESG reporting is based are, by now, increasingly well understood, yet the increased demand on businesses to account for their impact on people and planet is a more recent development," says Silke Goldberg, HSF's Global Head of ESG, "For many organisations, the ability to keep up to date with changes across multiple jurisdictions is a daunting task, particularly in an environment dominated by fast-paced change."
Part of a Suite of ESG Tools
Developed by a team from HSF's Digital Legal Delivery and ESG practices, the Global ESG Tracker is the latest addition to the firm's suite of tools designed to help clients stay informed about ESG legal requirements.
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Source: HSF
