Biweekly ESG Corporate Compliance Update: 18th September 2024

This blog was originally posted on 18th September, 2024. Further regulatory developments may have occurred after publication. To keep up-to-date with the latest compliance news, sign up to our newsletter.

83 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 83 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 74 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

Lithuania: Whistleblower Protection Law No. XIII-804, 2017 – Proposed Amendment – (on prohibiting negative impacts on assistants who help report information) Draft Law, July 2024.

ESG Reporting

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

Denmark: Establishing Provisions for Independent Assurance Providers Regarding Sustainability Reporting, Draft Law, September 2024.

Turkey: Mandatory Assurance Audits of Sustainability Reports, Decision, September 2024.

The Hong Kong Institute of Certified Public Accountants (HKICPA) launched Consultation on two IFRS-aligned Draft Sustainability Reporting Standards (ED HKFRS S1 and ED HKFRS S2).

Climate Disclosures

California (USA): Climate Corporate Data Accountability, Senate Bill 253 Enacted, 2023 and Other – Proposed Amendment – (on delayed deadline for implementing regulations, consolidation of disclosures at parent company level, etc.) Senate Bill 219, 2024. Approval Probability in C2P: 89%.

Human Trafficking & Slavery

USA: List of Goods Produced by Child Labor or Forced Labor, September 2024.

Labor & Employment

California (USA): Social Compliance Audits for Child Labor, Assembly Bill 3234, February 2024. Approval Probability in C2P: 17%.

Supply Chain Due Diligence

Netherlands: Environmental & Planning Act, 23 March 2016 – Amendment – (on implementation of EU Deforestation Regulation (EU) 2023/1115) Law, July 2024.

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 the 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.

Anti-Bribery and Anti-Corruption Legislation in the EU, UK, US and Canada

Our whitepaper provides information about the need for global Anti-Bribery and Anti-Corruption legislation and how some major markets have enacted legislation to help combat the plague of bribery and corruption in business.

download now