Navigating the Legal Labyrinth: ESG Compliance Management as a Legal Service

Abstract

Purpose: ESG compliance management is transforming legal practices through its necessity in the current corporate world, and its role in limiting legal risk in the ESG area.

Methodology: A qualitative research approach, relying on a range of sources, including legal sources, case studies, and information on the practical aspects of the work of lawyers specialising in ESG compliance management, the methodology facilitates a deep understanding of the practical aspects of ESG compliance management and its integration into legal services.

Conclusions: Results show that ESG compliance management is becoming an indispensable part of legal services due to the increasing complexity of regulations and the need for proactive ESG risk management strategies. The growing demand for specialised lawyers adept in compliance strategies, the importance of developing ESG concepts in business practice, also reveals the role of technology in enhancing the efficiency and effectiveness of ESG compliance management practices.

Limitations: Limitations in its scope, primarily due to the rapidly changing nature of legal regulations and ESG compliance requirements, mean this study is constrained by the variability of ESG compliance practices in different areas of the legal services market, which may affect the generalisability of the findings.

Future Research: The impact of emerging technologies on ESG compliance management, the evolution of regulatory frameworks in response to global challenges, and the development of standardised best practices for ESG compliance management in the legal services market areas.

Citation

Flaga-Gieruszyńska, K., Gaubienė, N., Pranevičienė, K. and Krzystek, P. (2024), "Navigating the Legal Labyrinth: ESG Compliance Management as a Legal Service", Grima, S., Maditinos, D., Noja, G.G., Stankevičienė, J., Tarczynska-Luniewska, M. and Thalassinos, E. (Ed.) Exploring ESG Challenges and Opportunities: Navigating Towards a Better Future (Contemporary Studies in Economic and Financial Analysis, Vol. 116), Emerald Publishing Limited, Leeds, pp. 3-24. https://doi.org/10.1108/S1569-375920240000116002