The following Environment practice note produced in partnership with Ardea International provides comprehensive and up to date legal information covering:
The terms ‘responsible business, ‘corporate responsibility’ (CR) or ‘corporate social responsibility’ (CSR), and ‘environmental social governance’ (ESG) are used by business and lawyers in various different contexts. However, for the most part they are all used to convey a business behaving in a responsible manner as part of its day to day activities. Many companies are realising that its compliance with national, state and local laws and regulations may no longer provide sufficient protection from legal, regulatory or reputational risk. In this note we will refer to ‘CSR’ as the umbrella term.
The OECD refers to ‘responsible business’ as ‘incorporating responsibility into business conduct’. The OECD states it entails conduct consistent with applicable laws and internationally recognised standards. Responsible business conduct is based on the idea that business can do good while doing no harm. It is a broad concept that focuses on two aspects of the business society relationship, namely:
the positive contribution businesses can make to sustainable development and
avoiding negative impacts and addressing them when they do occur
They recognise that risk based due diligence and value creation are at the heart of the process.
The OECD has published guidance on responsible business conduct. The OECD Due Diligence Guidance for Responsible Business Conduct is created to provide practical support to enterprises on the implementation of the OECD Guidelines for
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
When restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of restructuring over formal proceedings) the company may want to ensure that relevant creditors quickly enter a standstill agreement to gain some breathing space to consider a restructuring
The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to insurers: the Conduct of Business Sourcebook (COBS) and the Insurance Conduct of Business Sourcebook (ICOBS). This Practice Note considers how these
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
Having established that a duty of care exists (see Practice Note: Negligence—when does a duty of care arise?), it is then necessary to consider whether or not there has been a breach of that duty. This will depend on a number of factors outlined below and considered against the general background of
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.