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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-09-19T19:08:00
It’s no longer a question of if regulators will require companies to disclose their greenhouse gas (GHG) emissions. It’s a question of when, experts told attendees during the opening session of Compliance Week’s virtual ESG Summit on Tuesday.
“The requirement to disclose GHG emissions will find you,” said independent consultant Doug Hileman as part of a discussion on the regulatory landscape for environmental, social, and governance reporting.
Referring to the Securities and Exchange Commission’s proposed climate-related disclosure rule, which would require public companies to disclose GHG emissions of their value chain (Scope 3 emissions), Hileman advised, “Whether the SEC includes Scope 3 or not (in its rule), it won’t matter. You need to gear up to do it.”
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News and analysis for the well-informed compliance or audit exec.
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2024-01-30T21:20:00Z By Aaron Nicodemus
A coalition of business groups filed a lawsuit opposing two California laws that require large businesses to make climate-related disclosures, calling it a fight against illegal and excessive government overreach.
2023-11-28T16:00:00Z By Aly McDevitt
Climate-related disclosure efforts are amplifying year over year, despite persistent and persnickety pain points, as more organizations widen the scope of their ESG journeys, our “Inside the Mind of the CCO” survey found.
2023-11-01T14:00:00Z By Neil Hodge
So many companies rely on suppliers to self-certify they comply with buyers’ codes of business conduct that the practice is “almost useless,” a panel of experts discussed at Compliance Week’s Europe conference in London.
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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