EU member states have agreed to extend measures to price the carbon emissions of goods imported into the Eurozone to include a wide range of end-products made from steel, aluminum and iron. The current CBAM came into force on Jan. 1 this year and currently applies mainly to high-emission raw materials.
ESG/Social Responsibility
Posted inESG/Social Responsibility
EU Council targets greenwashing with new categories of sustainable investment
The Council of the EU has recommended updates to the Sustainable Finance Disclosure Regulation to combat greenwashing and make it easier for investors to compare products.
Posted inSurveys & Benchmarking
ITM survey: Some organizations pull DEI programs—and some keep them—under feds’ DEI reversal, compliance officers report
Nearly four in 10 compliance teams have made it a priority to review risks related to their traditional DEI efforts and other programs in the face of the Trump administration’s unprecedented broadsides against the programs.
Posted inEurope
EU revised sustainability reporting standards require compliance ‘gear change’ but increase flexibility
The European Commission is calling for public feedback on the final draft of its revised sustainability reporting standards. Compliance teams should note that the draft retains most of the double materiality requirements that some hoped they would drop, but clarifications over how to approach materiality assessments may reduce compliance time and costs. Once the consultation […]
Posted inRegulatory Policy
Red flags, top-tips to help identify forced labor at home and abroad
Efforts by the Trump administration to impose tariffs on countries that it deems do little to discourage or penalize companies that profit from forced labor have reignited the need for compliance teams to ask deeper questions about how their organizations attempt to uncover incidences of modern slavery in the workplace and supply chains.
Posted inTop Stories
DOJ decision calls EEOC employment guidelines unconstitutional
Key guidelines under which the Equal Employment Opportunity Commission has operated for decades are unconstitutional, the U.S. Department of Justice Office of Legal Counsel has concluded.
Posted inTop Stories
SEC proposes pulling climate disclosure rule
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 […]
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.
