Biweekly ESG Corporate Compliance Update: 23rd July 2024

This blog was originally posted on 23rd July, 2024. Further regulatory developments may have occurred after publication. To keep up-to-date with the latest compliance news, sign up to our newsletter.

84 ESG Regulatory Changes in the Past 2 Weeks!

Companies are under immense pressure to incorporate ESG into their company strategy in order to create a sustainable business and value for shareholders. With ESG regulations continuing to grow and evolve, there has been 84 regulatory changes in the past two weeks alone!

In our Biweekly ESG Corporate Compliance Updates, we bring you the latest regulatory developments from the world of ESG to help you stay ahead of the regulatory avalanche. For a comprehensive deep dive into global ESG regulations and upcoming dates, you can also check out our guide ‘ESG Regulations: Your Guide To Key Upcoming Dates‘.

Below we list just some of the regulation changes impacting businesses in the last two weeks. If you want expert insights into the other 75 regulations, start a conversation now.

ESG Reporting

[In force] Ireland: European Union (Corporate Sustainability Reporting) Regulations, S.I. No. 336/2024. Read more in C2P.

[Proposed] Finland: Accounting Act, 1336/1997 – Proposed Amendment – (on implementing Directive (EU) 2023/2775) Draft Law, July 2024. Read more in C2P.

Human Trafficking & Slavery

[In force] EU: Preventing and Combating Trafficking in Human Beings and Protecting its Victims, Directive 2011/36/EU – Amendment – (on scope, penalties, sanctions on legal persons, etc.) Directive (EU) 2024/1712. Status changed from Approved to In force. New date of Entry into Force is July 14, 2024.

Read more in C2P.

Human Rights – Affected Communities / Labor & Employment

[In force] Chile: Approving Regulation Establishing Guidelines for Investigating Sexual and Workplace Harassment or Violence at the Workplace, Decree No. 21, 2024.. Read more in C2P.

[Proposed] USA: Prohibiting Use of Child Labor or Slavery in the Supply Chain for Electric Vehicles, House Bill 8495, 2024.. Read more in C2P.

Supply Chain Due Diligence / Illegal Logging

[In force on 25th July] EU: Corporate Sustainability Due Diligence (CSDDD), Directive (EU) 2024/1760.. Read more in C2P.

[Proposed] Spain: Making Available on the Market and Export of Certain Commodities and Products Associated with Deforestation and Forest Degradation, Draft Law, July 2024.. Read more in C2P.

[Proposed] Denmark: Supplementary provisions to Regulation (EU) 2023/1115 on Certain Commodities and Products Associated with Deforestation and Forest Degradation, Draft Executive Order, July 2024. Read More in C2P

Sustainable Resource Use

[In force] Italy: Urgent Provisions on Strategic Raw Minerals, Decree-Law No. 84/2024.

Read more in C2P.

Stay Ahead Of Regulatory Changes in ESG

Want to stay on top of regulatory developments in ESG corporate compliance?

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