The past several years has seen growing attention on climate change disclosures and other environmental, social, and governance (“ESG”) issues. In 2016, a variety of universities faced pressure as student bodies demanded endowment funds remove their investments in the fossil fuel industry. In August 2019, Business Roundtable issued a Statement on the Purpose of a Corporation, redefining the purpose of a business from purely maximizing shareholder value to include a commitment to “[s]upport the...By: Mintz - Securities & Capital Markets.