Companies, banks, insurers and asset managers are increasingly working together within their industries on environmental, social and governance (“ESG”) initiatives to achieve shared goals on climate change, labor rights and other social issues. In the eyes of many, collective action is necessary to move the needle on systemic issues (such as phasing out unsustainable technologies) that individual effort has yet to achieve. As with all collaboration between industry participants, however, ESG initiatives are subject to antitrust laws. Regulators and legislators have recently reinforced this point. Given their focus on this issue, it is important that businesses engaged in joint ESG … Read more