ESG 2024: A Year in Review

ESG 2024: A Year in Review – Whitepaper Overview:

Following the 2023 transition from voluntary to mandatory corporate sustainability reporting, 2024 marked the implementation and advancement of numerous related initiatives.

Key developments included the enactment of the CSRD, CSDDD, the EU Forced Labor Ban, and the new Australian Illegal Logging Rules, as well as the national adoption of IFRS sustainability standards.

This whitepaper provides an overview of the latest ESG regulatory developments for 2024.

This Whitepaper Covers:

It reviews key regulations proposed, published and/or that entered into force, covering:

• European Union
• IFRS Global Implementations
• Asia Pacific
• EMEA
• North America and LATAM
• Global Developments Outside of IFRS

*This whitepaper was originally published on 26th February, 2025. Further regulatory developments may have occurred after publication. To keep up-to-date with the latest compliance news, sign up to our newsletter.

Authors

Hannah Janknecht, Regulatory Compliance Specialist, Compliance & Risks

Hannah joined the Global Regulatory Compliance Team in Compliance & Risks as a Regulatory Specialist in September 2022. She is responsible for the monitoring of regulatory developments in German-speaking countries and helps clients with questions on Textiles, ESG Reporting and Supply Chain Due Diligence.

Hannah studied law in Germany (University of Bonn) and holds an LL.M. in Environmental and Natural Resources Law from University College Cork.

Alex Li, Regulatory Compliance Specialist, Compliance & Risks

Alex is a Regulatory Compliance Specialist on the Global Regulatory Compliance Team. He is a primary Subject Matter Expert for regulatory topics including Climate Change, Carbon Footprint and Climate Disclosures and also monitors regulatory developments in several Asian countries.

Alex holds an MA in political science from McGill University and worked as a market research analyst in China prior to joining Compliance & Risks.