Greening the Corporation: Advising Companies on Compliance with Corporate Sustainability Requirements
Dana M. Newman, Partner, The General Counsel LLC, USA
For a growing number of businesses, implementing smart environmental policy aids legal compliance and promotes competitiveness. Gone are the days when the only companies concerned about environmental laws were heavy manufacturers. Recent developments in both the U.S. government and private corporate sectors have ushered in a new era of corporate sustainability, in which complying with environmental regulations is moving from a recommendation to a mandate for a wide range of businesses. Just as organizations must develop and enforce policies in the areas of governance, employment, and safety, many companies and public agencies are now required to track and report sustainability measurements to ensure legal compliance. Moreover, many forward-thinking companies are already implementing environmental policies to stay competitive, even though it is not yet a legal requirement. In-house counsel should be aware of the new corporate sustainability requirements and recommendations to advise organizations how to develop policies, avoid liability and succeed in the new green economy.
With the upcoming implementation of the Legal Services Act, in-house counsels based in the UK have more options than ever to meet their legal needs. One of the most compelling options is leveraging outside and offshore vendors for legal and legal support services. A number of other innovative alternative delivery models are also becoming increasingly popular.
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