President Donald Trump has issued an executive order slamming state-led efforts to address climate change, reduce greenhouse gas emissions, and other environmental, social, and governance (ESG)-related laws.
ESG/Social Responsibility
Posted inAccounting & Auditing
New York, California will require companies to report greenhouse gas emissions
Some companies doing business in California and New York may soon be required to report the greenhouse gas emissions (GHG) of their operations to state authorities, even as the federal rule for disclosing such emissions is on life support.
Posted inRisk Management
Republican-led SEC abandons climate rule; Dem commissioner calls move ‘unlawful’
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
Posted inEthics & Culture
EU drives ‘omnibus’ of simplifications through landmark sustainability reporting directives
The European Commission has adopted proposals for radical simplifications to the EU’s trailblazing environmental regulations. The commissioners argue that this is a pragmatic response to changing global economics and indicates that they have listened to the concerns of smaller businesses that are struggling to comply with onerous and conflicting rules.
Posted inAccounting & Auditing
Why are chief financial officers struggling to stay compliant?
CFOs are tasked with overseeing an organization’s entire financial processes, not least ensuring that financial operations remain compliant with the multitude of global regulations. It’s a heavy burden to carry that might be alleviated slightly with the help of artificial intelligence, writes Markus Hornburg, head of compliance at Basware.
Posted inBoards & Shareholders
Shareholders back Apple sticking to DEI goals as Trump blasts move
Tech giant Apple solidified its commitment to diversity, equity, and inclusion at its annual shareholder meeting on Tuesday, with 97 percent of shareholders rejecting an anti-DEI proposal, according to a public filing.
Posted inEthics & Culture
DEI programs are under attack. Compliance should help plan what comes next
U.S. President Donald Trump has proven himself to be a chaos agent in the opening weeks of his second term, firing federal workers, shuttering agencies, and issuing executive orders that attempt to upend policies and laws he doesn’t like.
Posted inEthics & Culture
U.K. Employment Rights Bill promises to thwart forced labor through new consolidated regulator
For the past decade, the United Kingdom has tried to make companies more directly accountable for forced labor in their supply chains. But lawyers warn that the government’s latest plans to beef up protections against worker violations risk being heavily watered down and poorly policed by regulators.
Posted inBoards & Shareholders
Apple bucks trend in Big Tech, defies anti-DEI headwinds
Apple, one of the most valuable tech giants on the planet, is pushing back against pressure to stop diversity, equity, and inclusion efforts, saying that “a culture of belonging” remains a core value of the organization.
Posted inRegulatory Enforcement
SEC enforcement priorities under Trump: Fewer disclosures, less ESG-focused, more crypto
Change is likely coming to the Securities and Exchange Commission’s enforcement priorities with the pending handover of the White House to Republican President-elect Donald Trump. Adjust your compliance priorities accordingly.