Latham’s Global Co-Chair of the Financial Institutions Industry Group, Nicola Higgs, sits down with Lucy McNulty, host of the Following the Rules podcast, to discuss how financial services firms should adapt to the constant evolution of ESG requirements.

In this podcast interview, host Lucy McNulty talks to Nicola Higgs, Latham’s Global Co-Chair of the Financial Institutions Industry Group, about the rapid changes in environmental, social, and governance (ESG) requirements and how financial services firms should best respond.

“The ESG regulatory reform agenda presents quite an unprecedented challenge for management teams of regulated firms and in particular those with an international footprint,” says Higgs, who advises banks, fund managers, and insurers on UK and European financial services regulatory matters as a partner in Latham’s London office.

Topics of conversation throughout the episode include the actions financial services firms can take to prepare for formal or informal challenges to ESG credentials, the role of legal and compliance staff and front-office executives in crafting a response, and common mistakes to avoid. The discussion also features ESG-related challenges that may potentially fly under the radar and the questions that governing boards should ask themselves.

Listen to Nicola’s episode of Following the Rules on Apple Podcasts.