ESG/Social Responsibility


Diversity

Ask a diversity officer: Creating a diversity, equity, and inclusion program

2021-04-06T13:00:00+01:00By

We asked seven prominent diversity leaders across a multitude of industries to share one key message or words of advice for other companies as it relates to creating a diversity, equity, and inclusion program.

Edna Kane-Williams

More than a fad: The rise of the chief diversity officer

2021-04-06T13:00:00+01:00By

Protests calling for social justice over the last year have led to more companies appointing diversity, equity, and inclusion officers. The critical role the position plays alongside compliance cannot be overstated, writes Jaclyn Jaeger.

CFTC

CFTC joins SEC in climate risk push

2021-03-18T18:13:00+00:00By

The Commodity Futures Trading Commission announced the formation of a “Climate Risk Unit” to support the agency’s efforts to determine the role of derivatives in addressing climate-related risks.

Board table

Study: Racial diversity still lacking among Russell 3000 board members

2021-03-15T18:44:00+00:00By

A new board diversity report by BoardProspects reveals companies in the Russell 3000 are at a major inflection point regarding racial equality on their boards, but most (60 percent) still have no Black board members.

Diversity

Four ways you can support diversity and inclusion at your company

2021-03-10T16:51:00+00:00By

Diversity and inclusion leaders from Procter & Gamble and The Hartford share key elements for successfully achieving and sustaining a work environment that respects and fosters diversity, equity, and inclusion.

columnist_aly

On International Women’s Day, we should ‘Choose to Challenge’

2021-03-08T15:10:00+00:00By

International Women’s Day isn’t just about celebrating women. It’s also about challenging norms. As such, CW’s Aly McDevitt challenges you to read this piece without flinching.

SECcrop

SEC task force will scrutinize climate and ESG disclosures

2021-03-05T20:11:00+00:00By

OK, OK, Securities and Exchange Commission. We get the message. Climate and ESG-related disclosures will be under increased scrutiny in 2021.

ESGReporting

How audit can support increased ESG mandates

2021-03-04T17:11:00+00:00By

The Center for Audit Quality and American Institute of Certified Public Accountants released a new roadmap that provides tools for independent auditors to support companies in achieving their ESG reporting goals.

David Lefort

CCOs, take note: ESG is having its moment

2021-03-01T18:22:00+00:00By

The Biden administration is not so quietly making big moves in the area of ESG regulatory initiatives that should give CCOs the cachet to elevate these issues closer to the top of the priority list at their organizations.

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Video: SEC on right path with climate disclosures; alleged privacy lapses at Amazon troubling

2021-02-25T22:39:00+00:00By Compliance Week

Aaron Nicodemus applauds the SEC for taking steps to clarify how companies should disclose economic risks posed by climate change, while Dave Lefort is critical of alleged lapses in data security at Amazon.

SEChq

SEC takes first step toward new framework for climate-related disclosures

2021-02-24T21:03:00+00:00By

If there were any doubts the SEC under the Biden administration will increase its expectations of public companies to assess and disclose climate change-related risks, they were laid to rest Wednesday.

askamii

Best practices for navigating political discussions among coworkers

2021-02-23T15:32:00+00:00By

It’s not realistic to outright ban talk of politics with coworkers, but in today’s polarized climate it’s smart to set policies and educate employees about lines that should not be crossed.

columnist icons

Murphy Oil, Marathon Oil ESG incentives a positive step for oil industry

2021-02-16T20:44:00+00:00By

The willingness of Murphy Oil and Marathon Oil to adjust their executive compensation frameworks, in part, to better align with their environmental targets is a rarity in the oil and gas industry and deserving of credit, writes Jaclyn Jaeger.

columnist_aly

‘The Empathetic Workplace’ can help you navigate hard conversations

2021-02-16T15:12:00+00:00By

Aly McDevitt reviews “The Empathetic Workplace” by Katharine Manning, a practical guide that offers an eye-opening look into how employers should use empathy and soft skills to respond to employees in crisis.

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Video: Wirecard’s failings back in spotlight

2021-02-11T21:40:00+00:00By Compliance Week

Jaclyn Jaeger lauds two oil companies for raising the bar on ESG commitment in the industry, while Dave Lefort assesses new developments in the Wirecard saga that point to greater failures in the firm’s internal controls.

ESG

Companies not reporting ESG initiatives are in the minority

2021-02-10T21:50:00+00:00By

Several reports highlight the growing trend of companies recognizing the value of aligning their business models with ESG concerns, acceding to the demands of shareholders, activists, the market, and the public.

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Video: What took Facebook so long to name a CCO?

2021-02-04T21:41:00+00:00By Compliance Week

Aly McDevitt gives props to Abercrombie & Fitch and its chief ethics and compliance officer for providing an example of marrying values to work, while Dave Lefort wonders aloud why Facebook is just now naming its first-ever CCO.

SEC

New SEC senior advisor will specialize in climate change, ESG

2021-02-01T21:34:00+00:00By

The acting chair of the Securities and Exchange Commission has created a new senior policy advisor position on climate change and ESG, another signal the agency will prioritize both areas under a Biden administration.

Anthony Pugilese

Incoming IIA chief Anthony Pugliese to prioritize technology, D&I

2021-02-01T14:00:00+00:00By

Compliance Week caught up with Anthony Pugliese, the incoming president and chief executive officer of the Institute of Internal Auditors, to discuss his plans for the future of the IIA and the internal audit profession at large.

columnist icons

EPA’s toxic love affair with high-polluting industries needs to end

2021-01-13T21:33:00+00:00By

A last-minute rule change by the EPA tucked into the Federal Register without a public comment period is the culmination of a years-long chumminess with high-polluting industries that can’t end soon enough, writes Jaclyn Jaeger.

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The roles of HR and compliance in driving diversity & inclusion

2021-01-11T21:54:00+00:00By Deborah O’Connor, International Compliance Association

If HR drives diversity and inclusion strategies, the compliance function should play an important part in overseeing related changes in organizational behavior and practices.

columnist_nicodemus

Companies don’t get credit for bailing on Trump in Capitol attack aftermath

2021-01-11T21:26:00+00:00By

It’s shameful that it took searing images of rioters looting the Capitol building for some corporations to act on the danger President Donald Trump has posed to the country all along, writes Aaron Nicodemus.

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Video: Apple ties exec bonuses to ESG; Twitter complicit in D.C. riot

2021-01-07T22:33:00+00:00By Compliance Week

In our first Nailed It or Failed It of 2021, Aly McDevitt praises Apple’s decision to link executive bonuses to the company’s values, while Dave Lefort delivers a somber message on Twitter and social media’s role in the riot at the U.S. Capitol.

ESGReporting

Poll: More companies linking ESG initiatives to executive incentive plans

2020-12-17T17:02:00+00:00By

Current events have significantly accelerated the need for companies around the world to link ESG initiatives to their executive incentive plans, according to a recent poll conducted by Willis Towers Watson.

back-to-office-2020-q8

Survey: Remote work poses different challenges for men and women

2020-12-16T16:49:00+00:00By

A CW survey finds male and female compliance practitioners are processing the pressure points of the pandemic differently, and that fully remote work is leading to a permanently changed future for post-pandemic work schedules.

columnist_dimauro

Women in compliance: Be unapologetic about moving up … but send the elevator back down

2020-12-16T16:36:00+00:00By

Over the course of reading two books, Julie DiMauro got some important tips and reminders about taking risks, creating success, and being cognizant of those women following in our career footsteps.

Coronavirus office

Survey: Remote compliance practitioners feel supported, but for how long?

2020-12-15T20:08:00+00:00By

A recent survey of 180 compliance, risk, and audit professionals asked the question: “What’s your back-to-office plan, and does it work for you?” The short answer was there is no plan, and the status quo is faring better for the company than the employee.

2021

Ten things I’d like to see happen in 2021 (2020 in review)

2020-12-09T14:20:00+00:00By

Many of the things I’d like to see in 2021 are directly related to regulatory changes we anticipate are coming under a Biden administration, but they’re mixed with a few lessons from the pandemic we hope carry into a post-COVID world.

Compliance fails

Top ethics and compliance failures of 2020

2020-12-08T13:30:00+00:00By

From a massive accounting fraud scandal in Germany to deceitful consumer tactics among China-based companies to unethical practices on the environmental front in the United States—CW’s list of the top ethics and compliance failures of 2020 spans the globe.

columnist_aly

Zoom & me: Silver linings of 2020

2020-12-07T13:42:00+00:00By

Turning the lens on Zoom reveals one possible highlight of 2020: a standout company that helped corporate America transition to remote work.

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Video: Praise for Nasdaq diversity push; Vodafone’s GDPR woes prove costly

2020-12-03T21:52:00+00:00By Compliance Week

In our inaugural video edition of Nailed It or Failed It, Dave Lefort praises Nasdaq’s efforts to get the SEC to require board diversity disclosures, while Kyle Brasseur critiques Vodafone’s numerous run-ins with the GDPR.

Joe Biden

Biden’s SEC set to require disclosure of ESG, climate change risk

2020-12-03T21:12:00+00:00By

The SEC under President-elect Joe Biden will push ESG and climate change-related risk alerts, guidance, and rulemaking that will likely require companies to disclose how these risks affect their bottom line.

Board

Nasdaq to SEC: Adopt listing rules requiring board diversity disclosures

2020-12-01T18:19:00+00:00By

Nasdaq has filed a proposal with the Securities and Exchange Commission to adopt new listing rules that would impose board diversity disclosure requirements.

Climate

KPMG report: World’s largest companies slow to address climate change risks

2020-11-24T17:21:00+00:00By

The world’s 250 largest companies are not doing very well in recognizing and measuring financial risks related to climate change, so we’ve got some advice to those who are behind the curve.

Lawyer

How the pandemic and social justice matters have changed the GC role

2020-11-20T20:13:00+00:00By

General counsel have taken on significantly more responsibility since the start of the coronavirus pandemic and amid the current social climate, solidifying their role as a critical business partner, a recent study on corporate legal departments found.

Boardroom

ISS 2021 proxy voting updates address racial, ethnic, gender diversity

2020-11-16T18:27:00+00:00By

Proxy advisory firm Institutional Shareholder Services released updates to its 2021 benchmark proxy voting policy, with the biggest changes this year addressing racial, ethnic, and gender diversity on boards.

Climate

U.K. eyes history with climate change disclosure plan package

2020-11-16T17:14:00+00:00By

Financial services firms in the United Kingdom must soon begin reporting what material financial impact they experience from climate change under a new disclosure mandate that is the first of its kind in the world.

apr27

Apr. 27 | Responsible sourcing: Mitigate ESG risks in your supply chain

2020-11-06T22:47:00+00:00Provided by

As customer expectations for transparency and ethical approach to business soar, companies that aren’t addressing the environmental, social and governance (ESG) impact of their organizations will get left behind. And that applies to who they work with too.

Board table

Emerging state board diversity laws encourage proactive approach

2020-11-03T16:40:00+00:00By

As more states enact statutes that directly address diversity in the boardroom, corporate boards that have not already done so would be wise to begin strategizing their diversity efforts now.

Canada

Leading the way: Diversity standouts among Canadian public companies

2020-10-16T17:47:00+01:00By

A new report assessing diversity disclosure trends among Canadian public companies also showcases several corporate standouts for chief ethics and compliance officers to benchmark their programs against.

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U.S. agencies get nod for using data, smart incentives in enforcement

2020-10-08T17:17:00+01:00By Compliance Week

Both the CFTC and CFPB “Nailed It” this week while corporate heavyweight General Electric found itself in more trouble.

ESG

Climate-related risk disclosures reach global boiling point

2020-10-05T20:59:00+01:00By

From local governments around the world to U.S. regulators to activist investors, the debate over corporate climate-related risk disclosures is approaching a boiling point.

Jennifer Newton

Spotlight on National Association of Black Compliance & Risk Management Professionals

2020-09-29T20:29:00+01:00By

Compliance Week interviews Jennifer Newton, founder and CEO of the National Association of Black Compliance & Risk Management Professionals, to get her take on diversity and inclusion efforts in the profession.

Diversity & Inclusion

What compliance can do to advance diversity and inclusion efforts

2020-09-29T20:05:00+01:00By

Experts offer best practices on how to ensure your D&I policies, training, and resources are sufficient at this social and cultural inflection point.

Diversity & Inclusion

Ask a CCO: Compliance’s role in D&I efforts

2020-09-29T18:24:00+01:00By Compliance Week

We asked nine prominent chief compliance officers what they can do or are doing to create a more progressive workplace.

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CPE Webcast: Addressing climate as a systemic risk for financial regulators

2020-09-29T14:00:00+01:00Provided by

The climate crisis poses a systemic risk that affects the stability and competitiveness of U.S. financial markets.

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BoA a silver lining in damning ‘FinCEN Files’ report; Wells Fargo CEO puts foot in mouth

2020-09-25T20:27:00+01:00By Compliance Week

Bank of America gets a pat on the back for going beyond an “observe and report” approach to filing a SAR, and we learned this week that Wells Fargo’s CEO needs a little unconscious bias training.

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Volkswagen completes monitorship; Deloitte family leave policy too good to be true?

2020-09-17T20:32:00+01:00By Compliance Week

Volkswagen gets a nod this week for successfully completing its 3-year compliance monitorship related to Dieselgate. Deloitte, on the other hand, lands on the wrong side of our list.

Climate

A step toward managing climate risk in U.S. financial system

2020-09-16T16:45:00+01:00By

A nearly 200-page report on managing climate risk in the U.S. financial system is comprehensively assembled by a group spearheaded by CFTC Commissioner Rostin Behnam, but the real work comes in its implementation.

woods

Companies should give back to employees who let them into their homes

2020-09-08T15:46:00+01:00By

Where would companies be if employees hadn’t adjusted to working from home so well during this pandemic? The least firms can do is pay them back for their hospitality, writes Martin Woods.