![]() Kentucky Attorney General, Daniel Cameron, and West Virginia Attorney General Patrick Morrisey, wrote a letter, signed by 20 other Attorneys General, requesting that the Federal Supplier Climate Risks and Resilience Rule be withdrawn.The update concludes with the recent publication of Jones Day’s First Quarter Climate Report of 2023 and the most recent edition of the ESG Ready Lawyer from Wolters Kluwer, which includes an interview focusing on Jones Day’s coordinated and global approach to ESG-related issues.Īttorneys General Push Back Against the Federal Supplier Climate Risk and Resilience Rule Chamber of Commerce to Biden’s WOTUS rule, and EPA action regarding the Mercury Emissions Rule. There have also been environmental developments, including increasing pressure on companies to follow through with sustainability commitments in light of a growing number of greenwashing lawsuits, a new challenge from the U.S. Moving to developments concerning social litigation, a recent decision from the Illinois Supreme Court could dramatically increase potential damages awards for certain types of privacy claims, and the Supreme Court has denied a petition for certiorari regarding Arkansas’ anti-BDS statute. This week’s ESG litigation and risk update includes ongoing state- and federal-level political conflict over ESG-related disclosure and investment practices.Īt the international level, there has been a flurry of litigation in France and the Netherlands related to fossil fuel investments and human rights abuses, and new guidance and standards issued by the International Financial Reporting Standards Foundation and the Loan Market Association.
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