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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Corporate Law

Date & Time
  • event Date

    Thursday, June 17, 2021

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$297.00
CLE
ALL

This CLE course will discuss the potential environmental, social, and governance (ESG) issues posed by suppliers in increasingly complex supply chains that can increase reputational risks to an organization. The panel will address legal requirements in the U.S., EU, China, and other countries, as well as the privacy compliance issues.

Faculty

Bruce W. MacLennan
Counsel
White & Williams LLP

Mr. MacLennan’s practice consists of advising clients based in the U.S., Asia and Europe and the U.K. on structuring and executing complex cross-border business transactions, principally in the areas of private investment fund formation and the structuring of pooled and individual investment vehicles; private equity and venture capital investments; secondary market transactions; M&As; and the structuring of joint ventures, strategic alliances and customized business partnerships. He also provides guidance to fund managers and investors on investment-related regulatory compliance under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940. Mr. MacLennan’s practice focuses primarily on the financial, information technology, biotech, pharmaceutical, agritech and aircraft lease financing industries. 

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Sara K. Orr
Partner, ESG & Impact
Kirkland & Ellis LLP

Ms. Orr advises clients around the world on environmental, social and governance (ESG) issues. She has almost two decades of experience working with private equity, public company and financial institutional clients on hundreds of complex environmental matters and is a thought leader on sustainability and ESG issues. Her practice specifically focuses on sustainable finance, corporate sustainability programs, ESG reporting and disclosure, ESG due diligence, Equator Principles and IFC Performance Standards on Environmental and Social Sustainability, innovative climate solutions, and other ESG risks and opportunities. Ms. Orr’s experience includes advising sponsors and lenders on multiple conventional and energy transition-focused projects and transactions, including wind, solar, biomass, and carbon capture, utilization and sequestration.

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Description

ESG helps investors grasp a business' sustainability and societal impact to determine a company's current valuation and future performance, maximize profits, and prioritize a sustainable supply chain for long-term growth. ESG points to a fundamentally new way of doing business.

From an ESG perspective, the supply chain represents the largest potential ESG risk for most companies--and the area of most significant benefit. While digital supply chain platforms have disrupted many parts of the economy, most large businesses procure and source as they have for decades.

Companies and their counsel have several options after determining ESG compliance problems. Companies should work through their supply chain to ensure compliance and support supplier sourcing decisions. A major consideration in supplier selection and negotiation is their risk level in corporate social responsibility and compliance.

Businesses must also mitigate environmental risks, identifying factories or farms in high-risk zones for deforestation, water stress, social risk, or protected lands. Businesses can identify these risks and work with their supplier to identify new sources and target mitigation programs.

Listen as our authoritative panel guides counsel on navigating the global supply chain, addressing the ESG compliance requirements in conjunction with local regulations. The panel will discuss ways businesses can proceed while retaining licenses to operate internationally while meeting ESG standards and increasing shareholder confidence.

Outline

  1. Environmental, social, and governmental standards
    1. History of ESG
    2. Relation to supply chain
  2. Typical remedies
    1. Fix noncompliance
    2. Support supplier sourcing decisions
    3. Mitigate environmental risks
  3. International regulations
  4. Licensing issues
  5. Shareholder confidence

Benefits

The panel will review these and other important topics:

  • What is ESG, and how does it affect the supply chain?
  • What are shareholder expectations in monitoring the supply chain for ESG compliance?
  • What types of remedies are available when ESG noncompliance is discovered?
  • What benefits do corporations receive for establishing an ESG-compliant supply chain?