After months—really years—of speculation, the Securities and Exchange Commission (SEC) has proposed rescinding its embattled climate disclosure rule, a move that is no doubt being cheered by many businesses. The rule, which began as guidance in 2010 and was not finalized until March 6, 2024, would have required public companies to assess and report […]
ESG/Social Responsibility
Posted inESG/Social Responsibility
EU simplifies chemicals regulations, but legal and reputational pressures around hazardous chemicals are rising
The EU Parliament has agreed to simplify European chemicals regulations to boost
competitiveness, but compliance teams should note that the MEPs voted to retain
some rules to protect consumers and the environment.
Posted inESG/Social Responsibility
PayPal latest to settle with DOJ over a traditional DEI program
PayPal has agreed to end a loan program for black and minority-owned businesses as part of a settlement agreement with the U.S. Department of Justice, which accused the program of discriminating against white people.
Posted inESG/Social Responsibility
CW National: Peirce confirms SEC climate rule rescission proposal being reviewed
Commissioner Hester Peirce had raised concerns about the rule and views the U.S.’s pullback on ESG regulations as a competitive edge over other countries.
Posted inTop Stories
How to prepare for U.K. sustainability reporting rules
The U.K.’s plans to revise how companies report more meaningfully on the impact their operations have on the environment will mean organizations will have to dig for better data to satisfy regulators—even if they decide that compliance with the proposed rules is not appropriate for them under the option of “comply or explain.”
Posted inEthics & Culture
An appreciation of CW’s data and research journalist, Aly McDevitt
One of the best things about writing for Compliance Week is reading the fabulous work by my colleagues. For me, CW data and research journalist Aly McDevitt has always stood out as someone whose work in reporting on and writing the Compliance Week case studies is work I have greatly admired.
Posted inFinancial Services
U.K. listed companies must adapt to new sustainability reporting regime by 2027
Sustainability reporting rules for U.K. listed companies are set to change. The U.K. financial regulator has launched a consultation laying out its proposals, which aim to align the reporting regime with the international ISSB standards.
Posted inEurope
EU and U.K. demand evidence to back sustainability claims
Businesses must come clean about green. The U.K. and the EU are enhancing and clarifying rules around corporate sustainability claims, with supply chains in their sights.
Posted inAccounting & Auditing
What to know about double materiality assessments for ESG initiatives
Double materiality assessments help organizations identify and prioritise ESG topics that matter most, both in terms of their impact on society and the environment, and their financial implications for the business.
Posted inEurope
EU extends carbon border tax to 180 downstream products and targets ‘loopholes’
The EU is extending its ground-breaking carbon border adjustment mechanism, which imposes carbon pricing on raw materials imported from outside the EU, to 180 downstream products made from those materials.
