UIA Annual Business Law Forum Jun 09, 2022

Donald Venkatapen will be part of a panel discussing the ESG regulatory trends in the financial sector, including in Europe with the EU Sustainable Finance Disclosure and the EU Sustainable Finance Taxonomy Regulations. After reviewing the impact of this new regulatory framework on financial market actors (banks, asset managers, product issuers,distributors, etc.) across the entire organisation and value chain, a special focus will be made on the ESG covenants applicable in the financing of operational companies.

Why is ESG so important for businesses?
More and more companies take ESG (Environment, Social and Governance) standards into account in their business strategies. Global trends clearly show that businesses are no longer evaluated only on the basis of their financial results. Nowadays, such standards are key to the value of growing businesses, customer relations, broader business environment, and to helping strengthen the entrepreneur’s image as a responsible business. ESG standards are being internalized and becoming important values not only for companies themselves but also for investors, partners, lenders, customers, and current and future employees.