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In today’s dynamic legal landscape, managing risks and opportunities is paramount, especially when it comes to sustainability. Businesses are expected to proactively address and manage sustainability and legal risks, not just within their operations but also throughout their supply chains. This shift is driven by stakeholders, including investors and employees, who demand a focus on sustainable business practices. The result: a rapid expansion of sustainability-related standards and regulations at local, national and global levels. This evolution presents both challenges and opportunities from a tax and legal perspective, leading to an increased demand for sustainability legal services. It has also spurred the creation of new areas of legal practice, such as sustainability reporting and a Corporate Sustainability Due Diligence Directive (CSDDD).
Sustainability has become an integral component of legal practice, and understanding sustainability legal requirements has become pivotal for making informed, long-term decisions. Companies find themselves navigating a landscape filled with novel legal risks and opportunities that carry significant legal implications.
We recognise the distinct challenges clients face and leverage our global expertise to develop solutions for emerging issues. Our value proposition lies in our commitment to understanding and addressing the specific needs of our clients, ensuring they are well-positioned to respond to the sustainability demands now and in the future.
For example, the Corporate Sustainability Reporting Directive (CSRD) aims to foster transparency, allowing for the assessment of an organisation’s performance and the opportunities for reinvention.
‘Companies that empower their in-house legal departments to play an active role in reviewing and monitoring environmental, social, and governance (ESG) related disclosures will be in the best position to mitigate ESG-related risks going forward.’
Source:Association of Corporate CounselOur services are focused on building trust through holistic thinking, due diligence and transparency.
Global Sustainability Tax, Legal and Workforce Leader, Partner, PwC United Kingdom
Tel: +44 20 7583 5000
Dr. Tobias von Tucher
PwC Legal AG Co-Head IP/IT/Commercial Germany, Partner, PwC Germany
Tel: +49 89 579050
Global Legal Business Solutions Leader, Partner, PwC Germany
Tel: +49 172242 7132