- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Ruth Prickett2024-05-03T13:34:00
The impending decision by the European Parliament to withdraw from the international Energy Charter Treaty (ECT) and adopt further climate rules sets a clear direction for green regulations in the region.
The EU Parliament’s vote to withdraw, as consented to on April 24, follows similar moves by the United Kingdom and nine EU member states. The ECT was agreed in the 1990s and enabled fossil fuel companies to sue governments for loss of earnings caused by green regulations.
Withdrawing from the treaty will clear the way for further green legislation and, potentially, more support for renewables. The departure of the EU states will approximately halve the number of countries still within the treaty. Compliance leaders should expect other regions to follow suit.
2024-10-25T15:38:00Z By Ruth Prickett
Supply chains are about to become the next big thing in sustainability compliance. However, many organizations still lack the data and assurance capabilities to track sustainability and human rights activities across their extended supply chains – which is required by the EU’s CS3D. Many others that fall out of scope ...
2024-07-09T19:08:00Z By Ruth Prickett
Codes of ethics and conduct are becoming ubiquitous, yet instilling high standards of corporate integrity still seems an elusive goal. Why is corporate culture such a challenge?
2024-07-03T18:17:00Z By Ruth Prickett
Dominic Buckwell, general counsel and compliance head at global marine container leasing company Seaco, discussed key themes including anti-money laundering, sanctions, and why the industry needs common environmental reporting standards.
2025-06-26T20:22:00Z By Oscar Gonzalez
In another sign of President Donald Trump’s focus on cryptocurrency, the head of the U.S. Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to create proposals to consider crypto assets for a single-family home mortgage.
2025-06-24T17:21:00Z By Ruth Prickett
Four years after Brexit, the U.K. and EU announced a “reset” that will ease barriers to importing and exporting food, drink, and agricultural produce. It may also harmonize rules around carbon emissions trading systems, simplifying compliance for multinational organizations that are large emitters, and enable more young people to gain ...
2025-06-20T14:20:00Z By Oscar Gonzalez
The U.S. Senate confirmed Olivia Trusty as commissioner for the Federal Communications Commission on Tuesday, marking a shift in agency staffing that gave commissioners nominated by President Donald Trump a majority of decision-making power. The move followed resignations of two commissioners earlier this month, each of whom had been nominated ...
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