KEY TAKEAWAYS

• Climate change and other ESG factors are driving a heightened focus on stewardship practices among responsible investors.
• Investors, both passive and active, should be mindful of litigation risks and recovery opportunities in their portfolio.
• Originally driven by climate issues, ESG-related litigation is expanding into other ESG areas and across a range of asset classes.
• ESG event-driven security class actions are increasing in number, and capturing a broad range of global brands on a number of different topics.
• Global corporations tend to handle class actions differently in different jurisdictions, with many being settled in the US but drawn out in other markets.
• This practice has implications for global investors interested in expanding their stewardship and fiduciary practices to include active management of securities class action risk.