2005/6 CSR Report - Freshfields
2005/6 CSR Report - Freshfields
2005/6 CSR Report - Freshfields
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our<br />
community<br />
Pro bono award in<br />
the large firm<br />
category <strong>2005</strong><br />
Young Solicitors Group<br />
Pro bono: London 2012<br />
Between 2003 and <strong>2005</strong>, we provided<br />
pro bono advice to London 2012 Ltd,<br />
the company that successfully<br />
organised London’s bid for the 2012<br />
Olympic and Paralympic Games.<br />
We advised on corporate governance<br />
issues and helped the company to draft<br />
a directors’ code of conduct; we<br />
advised on the structure of the bodies<br />
that will organise and run the 2012<br />
Olympic Games and then put that<br />
structure in a joint venture agreement;<br />
and we also evaluated the applicability<br />
of EU public procurement laws to<br />
London 2012 and its successor bodies.<br />
These issues were crucial in the context<br />
of a competitive bidding process<br />
conducted in the full glare of the<br />
world’s media.<br />
We also sent one of our corporate<br />
associates on secondment to London<br />
2012’s offices for eight months during<br />
2004 to assist the in-house legal team<br />
in preparing the bid file for the<br />
International Olympic Committee.<br />
Pro bono: UNEP FI<br />
We are working on a pro bono basis for<br />
the asset management working group<br />
of the United Nations Environment<br />
Programme Finance Initiative (UNEP FI).<br />
UNEP FI is a global partnership between<br />
the UNEP and banks, insurers and asset<br />
managers. It works closely with more<br />
than 200 financial institutions to<br />
develop and promote links between<br />
the environment, sustainability and<br />
financial performance. The asset<br />
management working group is a core<br />
group of UNEP FI members, which<br />
explores the emerging relationships<br />
between environmental, social and<br />
corporate governance considerations<br />
and investment decision making.<br />
We produced a legal memorandum on<br />
the law of fiduciary duty in several<br />
major financial markets, focusing on<br />
environmental, social and corporate<br />
governance issues, and whether fund<br />
managers may take these factors, as<br />
well as financial considerations, into<br />
account when making investment<br />
decisions. We presented the report to<br />
500 people, including the CEOs of<br />
major international banks, at the UNEP FI<br />
global roundtable meeting in October<br />
<strong>2005</strong>.<br />
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