Biweekly ESG Corporate Compliance Update: 2nd October 2024

This blog was originally posted on 2nd October, 2024. Further regulatory developments may have occurred after publication. To keep up-to-date with the latest compliance news, sign up to our newsletter.

124 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 124 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 114 regulations, start a conversation now.

*Note: The regulatory changes captured in C2P include regulations being proposed, approved, coming into force, date alerts, additional support materials and any other changes to regulations & standards that compliance teams need to be aware of to be proactive about their compliance status.

Anti-Bribery and Anti-Corruption

Bosnia and Herzegovina Federation: Protection of Whistleblowers, Draft Law, September 2024. Read more in C2P.

ESG Reporting

Italy: Implementation of Directive (EU) 2022/2464 on Corporate Sustainability Reporting Obligations, Decree No. 125, 2024. Read more in C2P.

Hong Kong (China): Sustainability Reporting, Exposure Draft Standards HKFRS, September 2024. Read more in C2P.

Belgium: Sustainable Development and Corporate Social Responsibility in Large Companies through Participatory Budgeting, Bill, September 2024. Read more in C2P. Approval Probability in C2P is 50%.

France: Adjustment of the Size Criteria for Micro, Small, Medium-Sized Undertakings and Groups of Companies for Corporate Reporting, Draft Law, September 2024. Read more in C2P. Approval Probability in C2P is 85%.

Climate Disclosures

United Arab Emirates: National Register for Carbon Credits, Resolution No. 67, 2024 Read more in C2P.

California (USA): Climate Corporate Data Accountability, Senate Bill 253 Enacted, 2023 and Other – Amendment – (on delayed deadline for implementing regulations, consolidation of disclosures at parent company level, etc.) Senate Bill 219 Enacted, 2024. Read more in C2P.

Human Trafficking & Slavery

Belgium: Sustainable Development and Corporate Social Responsibility in Large Companies through Participatory Budgeting, Bill, September 2024. Read more in C2P. Approval Probability in C2P is 50%.

Labor & Employment

California (USA): Posting of Social Compliance Audit for Child Labor Findings, Assembly Bill 3234 Enacted, 2024..Read more in C2P. Approval Probability in C2P is 17%.

Supply Chain Due Diligence

UK: Energy-related Consumer Products – Environmental Performance Assessment, Guidance Document. Read more in C2P.

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