Kimberly Everitt
Kimberly Everitt is Baker McKenzie's senior knowledge lawyer for Financial Services Regulation & Enforcement, covering the EMEA region, and brings over a decade of experience to the team in both knowledge and fee-earning roles. Prior to joining the Firm, Kim held roles specializing in contentious financial services regulation knowledge, and her fee-earning roles covered non-contentious regulation in the private equity and general financial services sectors.
Practice Area
Panel
- Contributing Author
Qualifications
- New York (2009)
- England & Wales (2011)
Education
- University of Virginia (2003)
- Harvard Law School (2008)
1 Contributions by Kimberly Everitt
PRACTICE NOTES
Climate and ESG Litigation and Enforcement in the Financial Sector: Trends, Drivers, Greenwashing and Disclosure Risks, Portfolio Emissions, and Practical Steps for Preparedness
This Practice Note examines the rise in ESG and climate-focused litigation and regulatory enforcement, and outlines measures financial institutions can take to ready themselves for and reduce this risk.
Key points
Many financial institutions remain ill-equipped to handle climate risk, leaving them vulnerable to more climate-linked claims and enforcement. Simultaneously, a growing cohort of claimants is turning to litigation to push businesses towards climate-friendly policies.
Multiple drivers are fuelling more climate litigation and enforcement. While most pronounced in North America, other regions are rapidly catching up. As pivotal financiers of economic activity, financial institutions are increasingly targeted.
Until lately, cases chiefly sought to compel disclosure of climate information. The emphasis is shifting from allegations of inadequate disclosure to actions scrutinising what prudent financial management entails. Greenwashing-related claims are also increasing.
Financial institutions would be wise to plan for and lessen exposure, for instance by reviewing their corporate strategies around climate change and carbon...
Financial Services
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