Environmental, social, and governance (ESG) considerations have come to the forefront of firms’ regulatory change agendas in recent years, and this focus looks set to continue in 2022. The past year has witnessed significant ESG-related developments in terms of policymaking at both national and international level, and firms now have clearer expectations of the standards they will need to comply with, although many requirements are still under development. While the EU had been a global leader in introducing ESG-related disclosure requirements, COP26 acted as a catalyst for other jurisdictions to announce new measures in this area. Of particular note, whereas previously there was little ESG-related material emanating from the US, under the Biden Administration the US has begun to develop its own expectations around ESG issues. The deluge of developments around the world has challenged global businesses to stay abreast of various ESG-related measures and expectations, and the pace of change is unlikely to slow in 2022. Further, while much of the focus to date has been on climate-related issues, regulators and other bodies are starting to consider the wider ESG criteria. A key watchpoint for firms will be the extent to which international standards emerge, as having uniform standards globally would significantly ease the compliance burden.