Practical Law Arbitration Blog
Chiraag Shah and Stephanie Pong, with thanks to trainee solicitor Haania Amir, authored an article that was first published in Thomson Reuters’ Practical Law Arbitration Blog discussing the potential for a greater focus on greener international arbitration proceedings in the future.
“It is no secret that international arbitration proceedings can have a significant carbon footprint owing to a number of factors, ranging from large volumes of paperwork to international travel, particularly in cross-border disputes and complex matters which require the involvement of multiple witnesses, experts, and counsel from various jurisdictions,” the authors wrote. “However, in recent years, organizations have encountered an increasing amount of pressure from shareholders, investors, and other stakeholders to consider environmental, social, and governance (ESG) factors in the context of their business models and activities. Together with more stringent ESG requirements and detailed guidance from financial regulators, it will only be a matter of time before organizations need to be actively mindful of their environmental impact when pursuing international arbitration and other similar forms of alternative dispute resolution.”
Read the full article.