S in ESG Stands for Supply Chain
Troutman Pepper Partners Pam Palmer and Shelli Willis are quoted in the FinOps Report article, " S in ESG Stands for Supply Chain."
"Although there is currently no federal statute requiring financial firms to keep track of the ESG maturity of their third-party service providers, if a company makes public pronouncements about its ESG philosophy and metrics, it must verify that its vendors are not engaging in practices that undermine the firm's pronouncements," says Pamela Palmer, an attorney in the law firm of Troutman Pepper in Los Angeles specializing in corporate governance.
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"Financial firms must rely on vendors to transmit certain data as they incorporate upcoming mandatory ESG disclosures, such as on climate risk, making the vendor's performance even more critical," says Shelli Willis, a partner at the law firm of Troutman Pepper in Atlanta specializing in corporate governance.