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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Ruth Prickett2024-03-26T14:00:00
Organizations with property in the European Union should be asking more questions about their sustainability and emissions in light of revised plans to decarbonize buildings across the region.
Buildings currently cause 40 percent of the EU’s energy consumption and produce 36 percent of its greenhouse gas emissions. The Energy Performance of Buildings Directive (EPBD), revisions to which were agreed to by European Parliament earlier this month, sets targets for all new buildings to create zero emissions by 2030.
Existing nonresidential buildings with the highest emissions will need to be renovated, beginning by 2030. Fossil fuel heating and cooling systems will be phased out by 2040, and member states will be expected to install solar power in public and nonresidential buildings, “if technically and economically suitable.”
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News and analysis for the well-informed compliance or audit exec.
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2024-03-20T16:03:00Z By Aaron Nicodemus
Legal experts are advising their public company clients to move forward with plans to comply with the SEC’s climate-related disclosure rule, despite lawsuits and other challenges being brought against the controversial policy in the aftermath of its approval.
2024-03-18T14:57:00Z By Ruth Prickett
The future of the EU’s Corporate Sustainability Due Diligence Directive was thrown into doubt when the European Council failed to endorse proposals. The directive is back on track after being agreed upon, albeit in weaker form.
2024-03-15T19:27:00Z By Kyle Brasseur
Tanja Cuppen, chief risk officer of ABN AMRO, shared her view on the Dutch bank’s biggest risk focus areas and the accomplishments of her tenure a month ahead of her planned departure.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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