- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Ruth Prickett2024-04-23T15:44:00
Compliance failures in the supply chain are hampering organizations’ efforts to implement environmental, social, and governance (ESG) initiatives and meet disclosure requirements, according to a new report by U.K. law firm Burges Salmon.
The firm’s research found 32 percent of businesses surveyed were “completely unprepared” to meet their ESG supply chain disclosure obligations. Among those companies, only 29 percent believe their organization fully understands the legislative and regulatory landscape governing ESG corporate disclosure.
The survey polled 361 U.K. respondents in legal and business services roles across the energy and utilities, technology, built environment, transport, and healthcare sectors.
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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.
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The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
