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In brief

Biden has indicated prioritizing climate change – and he moved fast by signing an executive order to have the US re-enter the Paris climate accord on the day of his inauguration. He has stated that such prioritisation is also about creating new jobs and spurring economic growth. He has plans to push through major infrastructure projects, boost the auto industry in its quest to build low-emissions vehicles, help move the power sector toward renewables, and encourage innovation in energy technologies. The expectation is that there will be climate change regulatory initiatives and expanded ESG reporting and disclosure efforts that may affect the direction and pace of the US energy transition. In this session, our panel shared their insights on what this might mean for business both in the US and more globally as Biden seeks to have the United States re-engage on the world stage. We were joined by Global Torch Light.


Click here to watch the webinar.

Author

David Hackett advises senior management, legal departments and boards of major corporations and nonprofits on compliance, risk, environmental and sustainability matters. He has exceptional experience managing US and international compliance and environmental projects, including the evaluation and development of effective compliance and sustainability programs. He also has extensive experience litigating major civil and criminal environmental matters. David sits on multiple nonprofit boards and additionally advises many civic and nonprofit organizations across the globe. Following his tenure with the Environmental Enforcement Division of the US Department of Justice, David joined the Firm where he has played a formative role in the establishment of the Firm's compliance, environmental, climate and sustainability practices. At Baker McKenzie, David has served as the managing partner of North America, a member of the Global Executive Committee, and Chicago office managing partner. He has also been the North America Chair of both the Compliance Practice Group and the Banking, Finance and Major Projects Practice Group.

Author

Beatriz Pessôa de Araújo is a corporate partner in Baker McKenzie's London office. She is a member of the Firm's Corporate Practice Group, as well as its Financial Institutions, Industrials, EMI and Healthcare groups.

Author

Gloria Santona is Of Counsel in the Chicago office of Baker McKenzie. Gloria served as Executive Vice President, General Counsel and Secretary of McDonald's Corporation. Since 1977, she held positions of increasing responsibility in McDonald's legal department, serving as US General Counsel from December 1999 to June 2001 and corporate General Counsel from June 2001 until 2017. As a member of the company's executive leadership, she was actively involved in the company's growth strategy. She led the company's worldwide legal, risk, compliance and regulatory function. Widely respected in the legal profession, Gloria was named an Outstanding General Counsel by the National Law Journal and has been recognized as one of America's Top General Counsel by Corporate Board Member magazine. Under Gloria's leadership, McDonald's legal department won numerous awards for its commitment to diversity and pro bono.