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DLA Piper ramps up ESG due diligence capabilities
Global law firm DLA Piper has moved to better integrate environmental, social and governance due diligence into legal due diligence.
Jerome Doraisamy
The firm has partnered with ESG risk management and data platform Datamaran – whose cloud-based technology provides a data-driven process for identifying and monitoring external ESG risks and opportunities – to integrate ESG and legal due diligence.
In a statement, DLA Piper said that the new partnership will offer its clients a unique opportunity to embed ESG due diligence and risk management across corporate, financing and transactional activities, including features such as cost-effective and streamlined deal processes.
Speaking about the partnership, the firm’s international co-head of sustainability and ESG, Natasha Luther-Jones, said that integrating ESG due diligence into corporate, financing and transactional activities “enables a fuller understanding of value, risk and opportunity”.
“As regulatory and investor demands continue to increase, applying a ‘third lens’ to legal due diligence that enables integration of ESG considerations into business as usual will be critical to remaining competitive,” she explained.
“As the focus on ESG continues to intensify, and we see a growing concern over how it is governed and regulated, it is critical that companies in all sectors adopt the technology necessary to fully understand how these trends impact their customers and bottom line,” added Datamaran chief executive Marjella Lecourt-Alma.
“Our technology empowers clients to turn risks into opportunities, and DLA Piper is well-suited to fully leverage this new solution for their clients and we are proud to partner with them on this endeavour.”
The news follows reports from Lawyers Weekly last week that national law firm Gadens has rolled out its cloud-based RegTech platform, dubbed Breach Manager, to market, targeting Australian financial institutions, and that global firm DWF has rolled out its risk and insurance software division in Australia.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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