ESG Corporate Compliance Update: 13th December 2024

This blog was originally posted on 13th December, 2024. Further regulatory developments may have occurred after publication. To keep up-to-date with the latest compliance news, sign up to our newsletter.

94 ESG Regulatory Changes in the Last Two Weeks!

With ESG regulations continuing to grow and evolve, there has been 94 regulatory changes* in the last 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 all proposed and enforced 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

EU: European Sustainability Reporting Standard (NESRS) G1 Business Conduct for Non-EU Groups, Draft Standard, November 2024.

ESG Reporting

EU: Interpretation and Implementation of Certain Legal Provisions of the EU Taxonomy Environmental, Climate and Disclosures Delegated Acts, Draft Notice, November 2024. C2P Approval Probability: 99%.

Denmark: Registration and Approval of Independent Declaration Providers on Sustainability Reporting, Draft Order, November 2024. C2P Approval Probability: >99%.

Climate Disclosures

France: Climate Contracts and Digital Service, Bill No. 601, November 2024. C2P Approval Probability: >99%.

Switzerland: Mandatory Climate Reporting Obligation for Certain Companies, Ordinance, November 2022 – Proposed Amendment – (on climate report based on international standards, electronic format of the report, etc.) Draft Ordinance, December 2024. C2P Approval Probability: 97%.

Sustainable Resource Use

Brazil: Registration in the Federal Technical Register of Potentially Polluting and Resource-Using Activities, Normative Instruction No. 13, 2021 – Amendment – (on annex) Normative Instruction No. 23, 2024.

EU: European Sustainability Reporting Standard (NESRS) E4 on Biodiversity and Ecosystems for Non-EU Groups, Draft Standard, November 2024.

Labor & Employment

South Korea: Enforcement Decree of the Labor Standards Act, Ordinance No. 889, 1954 – Proposed Amendment – (on extending the leave period for miscarriage or still birth) Draft Announcement No. 2024-431. C2P Approval Probability: 92%.

Supply Chain Due Diligence

EU: Functioning of the Information System Pursuant to Deforestation Regulation (EU) 2023/1115 (EUDR), Regulation (EU) 2024/3084.

Human Trafficking and Slavery

EU: Prohibiting Products Made with Forced Labour on the Union Market, Regulation (EU) 2024/3015.

Stay Ahead Of Regulatory Changes in ESG Corporate Compliance

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

Our ESG Solution is a smarter way for organizations to stay on top of the evolving ESG Regulations, & keep ahead of proposed changes before they happen.

ESG Regulatory Content Coverage across 8 broad ESG content areas covering 45 sub-areas – ESG Reporting, Human Trafficking & Slavery, Climate Disclosures, Human Rights – Affected Communities, Labor & Employment, Supply Chain Due Diligence, Sustainable Resource Use, Anti Bribery & Corruption.
We empower ESG & sustainability leadership to demonstrate to your board and investors that you have robust ESG controls in place to effectively navigate the regulatory landscape.
Future-Ready Technology: We provide precise ESG legal requirements for today and tomorrow, and identify future risks, enabling you to prioritize the most impactful ESG initiatives.
Integrated Compliance: Our ESG technology solution integrates both Corporate Compliance and Product Compliance, making us the global leader in this combined approach.

EU Ecodesign for Sustainable Products Regulation (ESPR) 2024/1781 – Let’s Talk Circular Design

Download this whitepaper to gain insights and guidance on the new Ecodesign for Sustainable Products Regulation 2024/1781, which entered into force on 18 July 2024.

download now