Edited by Thilo Kuntz, Chair in Private Law, Commercial and Corporate Law and Managing Director, Institute for Corporate Law, Heinrich-Heine-University Düsseldorf, Germany

• Contents:Introduction to Research Handbook on Environmental, Social and CorporateGovernance 1Thilo KuntzPART I DIRECTORS’ DUTIES AND MANAGERIAL DECISION-MAKING1 Taking stakeholder interests seriously: A practitioner’s view fromGermany on management duties 21Christoph H. Seibt2 ESG enhancements to company law: The French ‘PACTE’ law 44Alain Pietrancosta3 How ESG is weakening the business judgement rule 64Thilo Kuntz4 Human rights, environmental due diligence, and value chainresponsibility: A view from France, Germany, and the European Union 91Katrin DeckertPART II INVESTOR AND SHAREHOLDER ACTIVISM5 Stewardship codes, ESG activism and transnational ordering 112Tim Bowley and Jennifer G. Hill6 Climate proposals: ESG shareholder activism sidestepping board authority 132Sofie Cools7 ESG and workforce engagement: Experiences in the UK 151Andrew Johnston and Navajyoti Samanta8 ESG, the Alien Tort Statute, and private regulation’s legitimacy trap 171Seth DavisPART III INVESTMENT AND FUND REGULATION9 EU ‘rule-based’ ESG duties for investment funds and their managersunder the European ‘Green Deal’ 194Sebastiaan Niels Hooghiemstra10 Green bonds: A legal and economic analysis 217Sergio Gilotta11 Green public finance: The role of central banks 239Jörn Axel KämmererPART IV DISCLOSURE REGULATION AND RATINGS12 The forces that shape mandatory ESG reporting 258Thorsten Sellhorn and Victor Wagner13 A green victory in the midst of potential defeat? Concern and optimismabout the impact of the SEC’s climate-related disclosure rule 281Lisa M. Fairfax14 ESG ratings—guiding a movement in search for itself 303Andreas EngertPART V INTERNATIONAL LAW15 ESG initiatives in international law 325Rita Guerreiro Teixeira and Jan Wouters16 ESG and international criminal liability 344Cedric Ryngaert and Martine JaarsmaPART VI REGIONAL DEVELOPMENTS17 The EU Framework on ESG 362Erik Lidman18 The Nordic approach to corporate governance and ESG 381Jesper Lau Hansen19 ESG in China: A critical review from a legal perspective 404Xianchu Zhang20 ESG in Japan: The case of a mixed legal system 421Masayuki Tamaruya and Mutsuhiko Yukioka21 The legal and regulatory impetus towards ESG in India: Developmentsand challenges 443Umakanth Varottil

‘In this first-class Research Handbook, 28 top experts from all over the world deal exhaustively with ESG, one of today’s most important emerging topics. The focus on corporate law and investment regulation is both regional and international and includes Asia. Not to be missed!’

Edited by Thilo Kuntz, Chair in Private Law, Commercial and Corporate Law and Managing Director, Institute for Corporate Law, Heinrich-Heine-University Düsseldorf, Germany

• Contents:Introduction to Research Handbook on Environmental, Social and CorporateGovernance 1Thilo KuntzPART I DIRECTORS’ DUTIES AND MANAGERIAL DECISION-MAKING1 Taking stakeholder interests seriously: A practitioner’s view fromGermany on management duties 21Christoph H. Seibt2 ESG enhancements to company law: The French ‘PACTE’ law 44Alain Pietrancosta3 How ESG is weakening the business judgement rule 64Thilo Kuntz4 Human rights, environmental due diligence, and value chainresponsibility: A view from France, Germany, and the European Union 91Katrin DeckertPART II INVESTOR AND SHAREHOLDER ACTIVISM5 Stewardship codes, ESG activism and transnational ordering 112Tim Bowley and Jennifer G. Hill6 Climate proposals: ESG shareholder activism sidestepping board authority 132Sofie Cools7 ESG and workforce engagement: Experiences in the UK 151Andrew Johnston and Navajyoti Samanta8 ESG, the Alien Tort Statute, and private regulation’s legitimacy trap 171Seth DavisPART III INVESTMENT AND FUND REGULATION9 EU ‘rule-based’ ESG duties for investment funds and their managersunder the European ‘Green Deal’ 194Sebastiaan Niels Hooghiemstra10 Green bonds: A legal and economic analysis 217Sergio Gilotta11 Green public finance: The role of central banks 239Jörn Axel KämmererPART IV DISCLOSURE REGULATION AND RATINGS12 The forces that shape mandatory ESG reporting 258Thorsten Sellhorn and Victor Wagner13 A green victory in the midst of potential defeat? Concern and optimismabout the impact of the SEC’s climate-related disclosure rule 281Lisa M. Fairfax14 ESG ratings—guiding a movement in search for itself 303Andreas EngertPART V INTERNATIONAL LAW15 ESG initiatives in international law 325Rita Guerreiro Teixeira and Jan Wouters16 ESG and international criminal liability 344Cedric Ryngaert and Martine JaarsmaPART VI REGIONAL DEVELOPMENTS17 The EU Framework on ESG 362Erik Lidman18 The Nordic approach to corporate governance and ESG 381Jesper Lau Hansen19 ESG in China: A critical review from a legal perspective 404Xianchu Zhang20 ESG in Japan: The case of a mixed legal system 421Masayuki Tamaruya and Mutsuhiko Yukioka21 The legal and regulatory impetus towards ESG in India: Developmentsand challenges 443Umakanth Varottil

‘In this first-class Research Handbook, 28 top experts from all over the world deal exhaustively with ESG, one of today’s most important emerging topics. The focus on corporate law and investment regulation is both regional and international and includes Asia. Not to be missed!’

Edited by Thilo Kuntz, Chair in Private Law, Commercial and Corporate Law and Managing Director, Institute for Corporate Law, Heinrich-Heine-University Düsseldorf, Germany

• Contents:Introduction to Research Handbook on Environmental, Social and CorporateGovernance 1Thilo KuntzPART I DIRECTORS’ DUTIES AND MANAGERIAL DECISION-MAKING1 Taking stakeholder interests seriously: A practitioner’s view fromGermany on management duties 21Christoph H. Seibt2 ESG enhancements to company law: The French ‘PACTE’ law 44Alain Pietrancosta3 How ESG is weakening the business judgement rule 64Thilo Kuntz4 Human rights, environmental due diligence, and value chainresponsibility: A view from France, Germany, and the European Union 91Katrin DeckertPART II INVESTOR AND SHAREHOLDER ACTIVISM5 Stewardship codes, ESG activism and transnational ordering 112Tim Bowley and Jennifer G. Hill6 Climate proposals: ESG shareholder activism sidestepping board authority 132Sofie Cools7 ESG and workforce engagement: Experiences in the UK 151Andrew Johnston and Navajyoti Samanta8 ESG, the Alien Tort Statute, and private regulation’s legitimacy trap 171Seth DavisPART III INVESTMENT AND FUND REGULATION9 EU ‘rule-based’ ESG duties for investment funds and their managersunder the European ‘Green Deal’ 194Sebastiaan Niels Hooghiemstra10 Green bonds: A legal and economic analysis 217Sergio Gilotta11 Green public finance: The role of central banks 239Jörn Axel KämmererPART IV DISCLOSURE REGULATION AND RATINGS12 The forces that shape mandatory ESG reporting 258Thorsten Sellhorn and Victor Wagner13 A green victory in the midst of potential defeat? Concern and optimismabout the impact of the SEC’s climate-related disclosure rule 281Lisa M. Fairfax14 ESG ratings—guiding a movement in search for itself 303Andreas EngertPART V INTERNATIONAL LAW15 ESG initiatives in international law 325Rita Guerreiro Teixeira and Jan Wouters16 ESG and international criminal liability 344Cedric Ryngaert and Martine JaarsmaPART VI REGIONAL DEVELOPMENTS17 The EU Framework on ESG 362Erik Lidman18 The Nordic approach to corporate governance and ESG 381Jesper Lau Hansen19 ESG in China: A critical review from a legal perspective 404Xianchu Zhang20 ESG in Japan: The case of a mixed legal system 421Masayuki Tamaruya and Mutsuhiko Yukioka21 The legal and regulatory impetus towards ESG in India: Developmentsand challenges 443Umakanth Varottil

‘In this first-class Research Handbook, 28 top experts from all over the world deal exhaustively with ESG, one of today’s most important emerging topics. The focus on corporate law and investment regulation is both regional and international and includes Asia. Not to be missed!’