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The idea that the investment cost of companies’ environmental, social & governance (ESG) agendas would dwarf previous regulatory compliance costs — such as those connected to the Sarbanes Oxley Act of 2002 and the Dodd-Frank Act of 2010 — was predicted by one law firm ESG practice leader earlier this summer.

Just a few months later, this prognostication could be closer to reality than originally thought, given the rate at which law firms and professional services firms are fielding inquiries from existing and potential clients and having to add resources and personnel to handle it all.

Published by Natalie Runyon in Reuters.