Milan, 20 May 2021. On their ESG Observatory Nr. 132, AIAF has published the paper on the emerging risk to ESG risk litigation. To date, the ESG risk litigation has largely focused on climate change and catastrophic environmental events. However, while climate change will continue to have an important influence to ESG risk litigation, the breadth of such litigation is much broader. Large-scale ESG risk litigation matters go to the heart of a company’s business purpose, reputation, corporate values and approach to risk