Developing Environmental, Social and Governance (ESG) policies and practices is now critical for law firms. Clients demand it, talent expects it. The climate crisis and its entangled environmental and social injustices are a pressing issue for today – not tomorrow, or the day after.
The window for avoiding the worst is rapidly narrowing. But it is not yet closed. It is time for law firms to embrace action for change.
But where to begin?
In our latest white paper, our Sustainability Lead Matthew Cripsey offers his insights as to how law firms might define and implement ESG strategies that create tangible change. Ranging from regulation and reporting to key opportunities, our guide can be downloaded through the button below.
Take the next steps in your law firm’s ESG journey.
Why is ESG important for law firms?
There is both internal and external pressure for law firms to create positive environmental and social impact. And to ensure that their initiatives are properly governed. More widely, ESG remains a growing area of focus for organisations across all sectors and industries – and when these organisations seek legal counsel, they are increasingly looking for firms whose ESG credentials and aspirations match their own.
A fully integrated ESG strategy that unites concerted action and honest reporting has myriad further benefits. Beyond attracting new clients, firms with the right policies and initiatives will entice environmentally conscious new talent. Securing their own future while improving the planet’s. An ESG strategy offers the opportunity to make a tangible difference.
What can law firms do?
Momentum has been building steadily across the legal sector. Just look at organisations like ClientEarth and targeted initiatives like the Green Arbitration Pledge. For the most part, though, these are the actions of individuals coming together for a united cause. What we need more of is action at the level of the firm. The opportunities are significant.
Given the urgency of the climate and biodiversity crises, we need to move beyond what has historically been siloed activity. Firms have great potential to effect change, but they need to incorporate ESG considerations into their organisational structure and secure support at every level – from trainees to management, and ensuring a diverse range of backgrounds and experiences. It is time to harness the passion and talent that already exists in your firm.
Communication is key. There needs to be transparency, accountability and buy-in. Communicate within your firm and with the wider world. Use thought leadership to showcase your expertise. Present your aims, successes and failures to inspire others. And make the most of legal directories like The Legal 500’s Green Guides, whose rankings will give credibility to your efforts and achievements.
Download our guide through the button below to learn more about…
• How to build a successful ESG strategy
• How to write an ESG purpose statement
• Other contemporary ESG initiatives
• And more…
About Matthew Cripsey
Matthew Cripsey is our Head of Training, a Managing Consultant (Legal Directories) and Sustainability Lead. Alongside his role at Kidd Aitken, Matthew has spent the past two years studying for an MSc in Environment and Sustainability. He graduated with Distinction and was awarded the Birkbeck Sustainable Futures Prize for his work.
If you would like to learn more about how to build an ESG strategy that creates tangible change, get in touch with us today. We would love to learn more about your ambitions – and make them a reality.