Analysis

ESG and defence: security must be part of the sustainability equation

Outlook 2026: Silke Goldberg, partner and global head of ESG at Herbert Smith Freehills Kramer, argues that rising geopolitical risk is forcing a rethink of ESG frameworks, with defence and security increasingly integral to long-term sustainability and societal resilience.

Transition planning: insights on the Central Bank of Ireland’s approach   

Climate transition plans are a key tool in translating companies’ broad climate goals into tangible actions – and being transparent on your transition planning process can help your company to mitigate the risk of greenwashing claims, writes Jill Shaw, ESG and sustainability lead at A&L Goodbody, Dublin. 

Is the UK government doing enough to tackle modern slavery in supply chains?

The government has responded to parliamentary calls for tougher action on forced labour, but its plans stop short of major legislative reform. Analysis from Richard Reichman, partner, and Christina Josephides, senior associate, at BCL Solicitors in London.

Canadian federal budget revisits greenwashing under the Competition Act

Canada’s 2025 Budget proposes easing greenwashing compliance by repealing key 2024 Competition Act provisions and restoring the Competition Bureau’s gatekeeper role for challenging environmental claims, writes Beth Riley, partner at McMillan in Calgary.

ECB paper links climate inaction to human rights risks

A legal study by the European Central Bank warns that recent climate-related human rights rulings – including KlimaSeniorinnen v Switzerland – may heighten litigation and transition risks for financial institutions, and urges EU policymakers to integrate stronger climate safeguards into law and supervision.

The value creation imperative behind ESG

As ESG faces its toughest backlash in 15 years, all businesses in every jurisdiction are under pressure to prove that sustainability in fact delivers returns. Analysis by Ruth Knox, chair of the ESG & sustainable finance practice at Paul Hastings in London.

The Company Directors (Duties) Bill and the growing legal pressure on directors to prioritise the environment

Parliament is considering a bill that would make UK company directors legally accountable for the environmental impact of their decisions. The direction of travel is clear, writes Robert Allen, head of ESG at Simmons & Simmons in London.

Businesses face fragmented ESG landscape under Trump 2.0

At a Simmons & Simmons panel, Holland & Knight partner Meaghan Hembree said that Trump’s ESG rollback is fuelling state-level divergence, regulatory uncertainty and rising litigation – demanding sharper compliance strategies from companies operating in the US.

UK SRS: key questions unanswered

While the UK government’s consultation on its Sustainability Reporting Standards reflects a direction of travel, there remains uncertainty for in-house counsel over the scope and timing of the standards. Samantha Brady at Slaughter and May talks to Forward Law Review about the government’s proposed amendments.

A ‘game-changer’ for environmental criminal liability in Europe

Chloe Edworthy at Macfarlanes and Louise Barber at Herbert Smith Freehills Kramer examine the Council of Europe’s new treaty that, for the first time, sets out binding international standards for the criminal prosecution of serious environmental harm.

Greenwashing risk – meeting the horizon

Greenwashing and ESG disputes are no longer a risk on the horizon – they’re here, and businesses must be prepared, write Heike Schmitz, partner and co-head of ESG (EMEA), and Sousan Gorji, senior associate in the disputes team, at Herbert Smith Freehills Kramer.

Lliuya v RWE: opening the door to corporate liability for climate harm

In this Q&A, Sebastian Gräler and Julius Fabian Stehl at Hogan Lovells in Dusseldorf analyse the recent court decision that "laid a conceptual foundation for civil climate liability under German private law".

Greenwashing risk and the fashion industry: a snapshot of legal developments

Regulators in France, the UK and the US are increasing efforts to tackle misleading environmental claims – making robust, verifiable sustainability practices a legal and reputational imperative, write White & Case partners Sonja Hoffmann and Yann Utzschneider and associates Spencer Beall and Janina Moutia-Bloom.

Extraterritorial reach of EU directives: compliance risks for African counsel

African businesses are likely to be widely affected by new EU corporate disclosure rules on human rights and sustainability, write partner Kate Paterson and associate Sibongile Sibeko at Bowmans in Johannesburg – and may face serious consequences if they fail to act.

Navigating the evolving legal landscape for PFAS liability insurance coverage in the US

Recent developments in civil litigation and changing government regulations concerning per- and poly-fluoroalkyl substances have created new considerations for companies, write Alexis Dyschkant, Ben Lenhart and Abigail Barnes of Covington & Burling.

It’s okay. Larry gets it

The Scared Climate Optimist: Beyond the difficult headlines, there are examples everywhere of the biggest asset managers in the world still taking action on climate issues, writes Joshua Domb at Gen-R Law.

What does the UK’s Supreme Court Equality Act decision mean for businesses?

“From an employer's perspective, the main issues are going to be toilets, changing facilities, pronouns and data collection,” says Andrew Taggart, partner at Herbert Smith Freehills. He spoke with Forward Law Review about the implications of the controversial decision on gender definition.

EUDR simplification – a welcome development for business

The EU’s decision to simplify its Deforestation Regulation is good news, says Lucy Blake at Jenner & Block – the due diligence requirements were stringent and onerous, particularly for businesses with complex global supply chains.

Acting naturally: what is natural capital?

Everything in society relies on natural capital so it must be protected, writes Henry Vane at environment-focused firm Lux Nova. This will require a combination of government intervention and market forces – and the help of lawyers.

From climate change to geopolitics: practising business law in challenging times

Amid volatility, uncertainty, complexity and ambiguity, law firms worldwide must prepare to navigate a complex web of strategic risks, writes Robert F van Beemen, partner at DRB in the Hague and chair of the IBA’s Law Firm Management ESG Subcommittee.

Strengthening corporate accountability: lessons from my tenure as Canada’s first Ombudsperson for Responsible Enterprise

Companies that integrated ESG teams into complaint responses often engaged more constructively – emphasising long-term reputational and operational benefits over short-term legal risk mitigation, writes Sheri Meyerhoffer, Canada’s former Ombudsperson for Responsible Enterprise.

Defence and ESG: weighing security against sustainability

As defence budgets expand, financial institutions and fund managers will need to clarify their approach to defence alongside their ESG commitments, writes Rachel Lowe, special regulatory counsel at Proskauer in London.

Perceived ESG dispute risk falls as companies bolster legal teams 

Baker McKenzie's Global Disputes Forecast reports that 40% of companies consider ESG disputes a significant risk – a notable decrease from last year, when it was over 70%. Partners Peter Tomczak and David Gadsden analyse this decline and how companies are attempting to mitigate the continuing risk.  

Omnibus: focus or failure?

What does the European Commission’s Simplification Omnibus mean for the EU Sustainable Finance Framework? By Heike Schmitz, partner and co-head of ESG (EMEA) at Herbert Smith Freehills.

European Commission: Omnibus response

Forward Law Review asked the commission six key questions on its forthcoming Omnibus Simplification Package – covering its announcement date, reporting timelines, the potential inclusion of CBAM, the impact of politics, and potential wider legislative changes. Here we present the commission’s lengthy response in full.

“Uncertainty and instability”: what will the Omnibus deliver?

With Omnibus Simplification Package scheduled to be revealed next week amidst a turbulent political environment, Forward Law Review canvassed practitioners on their concerns and predictions for the EU’s plans for streamlined corporate sustainability reporting. Comment from Rebecca Perlman at Kirkland & Ellis, Rachel Lowe at Proskauer, Jill Shaw at A&L Goodbody and Jacquelyn MacLennan at Edinburgh University Law School.

We are all climate lawyers – now and for the foreseeable future

Alan Andrews, interim CEO of the Net Zero Lawyers Alliance, explains why – despite an ESG backlash, economic headwinds and political opposition – every lawyer will need to develop their practice to meet the challenges and opportunities of climate change.

ESG in Argentina: boost or backlash?

Although the narrative of Argentina’s current administration is aligned with the ESG backlash movement, the country’s ESG regulatory landscape has not significantly changed since President Milei took office, writes María Victoria Tuculet, a financial services and ESG partner at Bomchil in Buenos Aires.

Argentina’s potential exit from Paris Agreement could jeopardise EU-Mercosur deal

The South American trade bloc’s agreement with the EU, reached in December, places significant emphasis on the Paris Agreement and sustainable development.  With comment from Maria Victoria Tuculet, partner at Bomchil in Buenos Aires.

Why has a court ordered the Dutch government to meet targets or pay Greenpeace €10m? 

In a “remarkable” ruling, the Hague District Court has ordered the Dutch state to significantly reduce nitrogen emissions in 50% of vulnerable natural habitats by 2030 - and to pay Greenpeace €10 million if it fails. With analysis from CMS and Loyens & Loeff in Amsterdam. 

UK Modern Slavery Act reform: what progress has been made? 

Amid allegations that companies with well-documented links to Uyghur slave labour are “dumping” their goods in the UK, the government says that it is taking steps to revisit the country’s decade-old Modern Slavery law - and has launched a new inquiry.  

ESG and pro bono: parts of the same puzzle?

As law firms worldwide rush to bolster their ESG practices there is a risk that valuable pro bono work will fall by the wayside. By Jacquelyn MacLennan, a member of the Brussels Bar and a Scottish solicitor, a CEDR-accredited mediator and Hon. Professor at Edinburgh University Law School.

South African retirement funds prepare for growing ESG litigation

Over the last five years, the incidence of environmental, social and governance (ESG)-related litigation involving retirement funds globally has grown about 100% per year, writes David Geral, partner at Bowmans in Johannesburg. In South Africa, it is no longer a question of if, but when, the first retirement fund will face litigation.

ICJ: China rejects ITLOS opinion that GHGs constitute marine pollutants 

At the International Court of Justice climate change hearings this week, China said it believes the groundbreaking ITLOS opinion “goes against UNCLOS’s intent”. With commentary from Sophie Lamb KC at Latham & Watkins and Louise Barber at Herbert Smith Freehills. 

Getting the balance right: the current state of UK anti-SLAPP legislation

Following our focus on Eni v Greenpeace Italy, Forward Law Review considers the current state of anti-SLAPP legislation in the UK and asks: are more laws to protect free speech needed?

COP 16: The Cali Fund – a good idea undermined by political compromises?

A global biodiversity fund seeks payment from sectors benefitting from digital sequencing information – potentially covering agriculture, biotech, cosmetics, pharma and AI. Bart Van Vooren at Covington & Burling tells Forward Law Review why the UN-backed plan, as it stands, will fail.

Milieudefensie v Shell – a Pyrrhic victory for the oil and gas industry?

Maurits Dolmans and Andreas Wildner at Cleary Gottlieb analyse the Hague Court of Appeals judgment, finding that it is likely to have important implications for future litigation against oil and gas companies.

ESG law and policy under a Republican US administration – reaction 

Forward Law Review asked lawyers in the United States, Canada and Europe what they consider to be the greatest challenges – and opportunities – when Donald Trump enters the White House in January.