ESG/Social Responsibility


U.S. law to stop Uyghur forced labor remains compliance challenge


It’s been six months since the Uyghur Forced Labor Prevention Act took effect, and businesses are no clearer today on how to comply with it, those familiar with the law said.


Five compliance triumphs from 2022


Positive contributions in the areas of ESG, AI responsibility, and setting standards regarding CCO liability highlight the latest installment of CW’s annual list of laudable ethics and compliance moments.

Goldman Sachs Tower

Goldman Sachs unit fined $4M for ESG investment lapses


Goldman Sachs Asset Management agreed to pay $4 million to settle SEC charges it failed to follow its own policies and procedures regarding a trio of investment products marketed for their environmental, social, and governance considerations.


Understanding ‘green hushing’ and its risks

2022-11-17T15:00:00+00:00By Dan Byrne, for International Compliance Association

“Green hushing” is when a company adopts a radio-silence approach to environmental goals. Many companies do it. Some don’t realize they’re doing it.


CPE Webcast: Building a future-proof ESG program

2022-11-16T14:00:00+00:00Provided by

Learn now to maximize efficiency and achieve operational excellence within your ESG program or get your program started with steps you can take today and into the future regardless of your maturity.

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CPE Webcast: The intersection of ESG and GRC

2022-11-15T14:00:00+00:00Provided by

This discussion will bring together voices from internal audit, risk management, and ESG teams to discuss how they are working together.

ESG vector

CW Europe panelists: ESG reporting still in ‘immature’ phase


Companies are continuing to fail in their efforts to improve environmental, social, and governance reporting, while compliance functions are finding it tough to keep up with demands for better assurance in the area, according to experts.

Corporate reporting

FRC’s corporate governance reporting review finds room for improvement


Companies continue to improve their reporting against the U.K.’s Corporate Governance Code, but the lack of detail about the outcomes and impacts of governance policies hampers proper understanding of how risks are being managed.


Self-help author promotes culture of kindness at CW Europe event


Companies should consider the benefits of “being kind” to promote employee well-being and a better culture of compliance, author David Hamilton shared during a keynote speech at Compliance Week Europe.


KPMG finds large companies ‘on the precipice of a new era’ of ESG reporting


Sustainability reporting has seen steady growth over the past three decades while overall perspectives about environmental, social, and governance reporting have seen dramatic shifts, according to the latest findings of KPMG’s Global Sustainability Report.

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e-Book: Where to start on your ESG journey

2022-10-26T03:27:00+01:00Provided by

Initiating your company’s commitment to reporting its environmental, social, and governance (ESG) metrics can prove a daunting task. But keep in mind: It’s a marathon, not a sprint.


Diversity and inclusion’s power in compliance

2022-10-24T11:30:00+01:00By Holly Thomas-Wrightson, International Compliance Association

A panel of experts hosted by the ICA and Broadgate discussed the impact of diversity and inclusion initiatives on their own lives and why developing effective D&I policies and procedures within a firm is vital to attracting and maintaining talent.


SEC to reopen comment on climate-related disclosure rule, data breach reporting after glitch


The Securities and Exchange Commission will reopen comment periods on 11 rulemaking releases put forward over the past year, including proposals regarding climate-related disclosures and reporting cybersecurity breaches, because of a glitch in its online comment system.


Fed recruits 6 large banks for climate scenario analysis pilot


Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo will participate in a pilot climate scenario analysis exercise organized by the Federal Reserve that seeks to enhance climate-related financial risk management efforts in the industry.


ESG Summit: Adapting businesses should look beyond what is financially material


Christopher Geiger, vice president of internal audit and enterprise risk at Lockheed Martin, explained how businesses must form resilience as they prepare for future risks regarding environmental, social, and governance during CW’s virtual ESG Summit.

GHG emissions

ESG experts see shades of conflict minerals for SEC climate disclosure rule


The climate-related disclosure rule proposed by the Securities and Exchange Commission will eventually pass but not before undergoing some changes, practitioners speaking at CW’s virtual ESG Summit predicted.

Supply chain

ESG Summit: Holistic approach to supply chain risk an ‘investment differentiator’


Two experts explained how the C-suite as a whole—not just compliance officers—should be focused on the holistic approach to supply chain risk management during a session at CW’s virtual ESG Summit.


Experts: Where to start on your ESG journey


ESG directors from Tenneco and Amneal Pharmaceuticals shared best practices for businesses broaching the initial phases of environmental, social, and governance reporting at CW’s virtual ESG Summit.

Rite Aid

ESG Summit: How Rite Aid is preparing to comply with SEC’s climate disclosure rule


Amanda Patrick, Rite Aid’s director of ESG/corporate sustainability, shared the retail pharmacy chain’s sustainability journey so far and how it is readying to meet the SEC’s potential disclosure mandates during her keynote address at CW’s virtual ESG Summit.


Ex-CEO of environmental consultant imprisoned 3 years for false reports


DiAne Gordon, the former CEO and co-owner of Environmental Compliance & Testing, was sentenced to three years in prison for fabricating water quality reports that were sent to state environmental agencies.

Work remote

NAVEX survey: Remote work, whistleblower trends to test speak-up cultures


Maintaining a speak-up culture requires increased attention from businesses with many employees still working remote, putting more of an onus on the reporting function, according to the latest NAVEX study.


OCC names chief climate risk officer to lead new office


The Office of the Comptroller of the Currency has reinforced its commitment to confronting risks posed by climate change with the appointment of Yue (Nina) Chen as chief climate risk officer.


FRC: 12 best practices for better ESG data collection


The U.K. Financial Reporting Council released guidance on how companies can collect and use environmental, social, and governance data to inform better decision-making.


EU countries take varied approaches to combating greenwashing


European regulators are taking greater steps to clamp down on companies’ misleading ESG claims, but experience shows different countries have differing priorities about tackling dishonest marketing.

esg training device cluster 2022

On-demand training: Everything you need to know about ESG but were afraid to ask


Take this self-directed, interactive course to deepen your understanding of the increasing importance of environmental, social, and corporate governance initiatives and how ESG planning processes can help manage risks and lead to better reporting outcomes.

Human trafficking

How compliance can help prevent human trafficking

2022-08-01T17:49:00+01:00By David Povey, International Compliance Association

There are many organizations that seek to prevent human trafficking, but their work can sometimes seem distant and detached from our roles as compliance professionals. We must consider how to bridge that gap, with a particular focus on supply chains.


New environmental, social issues made for ‘unprecedented’ 2022 proxy season


Companies across many industries were kept on their toes during the 2022 proxy season, with shareholders filing an extraordinary number of proposals pertaining to a broad array of environmental and social issues.

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CPE Webcast: How to align E&C with ESG: A roadmap

2022-07-26T14:00:00+01:00Provided by

As companies move toward transparency and walking the talk by aligning corporate culture to stated ESG values, the historical function of ethics and compliance rolls up naturally to support these efforts.

Working table

Assessing results of FASB’s 2021 agenda consultation report


The Financial Accounting Standards Board’s 2021 agenda consultation report summarizes the extensive feedback FASB received when it asked stakeholders where it should focus its time and resources.

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e-Book: Preparing for the SEC’s climate-related disclosure rule

2022-07-19T06:04:00+01:00Provided by

More than 70 percent of respondents to a recent survey from Compliance Week and advisory, tax, and assurance firm CohnReznick LLP said their companies were already preparing to comply with the climate-related disclosure rule proposed by the Securities and Exchange Commission.

Climate policy

Survey: Firms early to prep for SEC’s climate-related disclosure rule


Respondents to a Compliance Week/CohnReznick survey assessing readiness for the SEC’s climate-related disclosure mandate aren’t waiting to see how the proposed rule plays out before getting their compliance house in order.

Rising costs

Survey: Inflation, climate risk top audit partner economic concerns for 2022


The economy, cybersecurity, climate change, and cryptocurrency are among top concerns for the year ahead expressed by U.S. public company audit partners as part of a new Center for Audit Quality survey.

Business argument

Materiality, Scope 3 emissions elicit debate in SEC climate rule comments


Comment letters in response to the SEC’s climate-related disclosure rule have laid out opponents’ issues with the proposal, while supporters have used the process to buttress the agency’s case for implementing it.

SEC office

SEC spring rulemaking agenda signals potentially hectic fall for compliance


Final action by the Securities and Exchange Commission on its climate-related disclosure rule, whistleblower amendments, unimplemented elements of Dodd-Frank, and more could all take place by the end of the year, according to the agency’s spring agenda.

Climate coins

Assessing the scope of FASB’s environmental credits project


The Financial Accounting Standards Board added a project to its technical agenda on environmental credits that will include recognition, measurement, accounting presentation, and disclosure.

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CPE Webcast: How prepared is your organization for the SEC’s proposed climate-related disclosure rule?

2022-06-14T14:00:00+01:00Provided by

This webinar will reveal results of the recent Compliance Week and CohnReznick co-sponsored survey asking respondents how prepared they are for the SEC’s proposed rule requiring registrants to include certain climate-related disclosures in their registration statements and periodic reports.

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e-Book: Delivering on ESG: An inside look at FedEx’s corporate transparency

2022-06-09T15:24:00+01:00Provided by

It’s one thing to talk about being a sustainable company, to conduct business in a sustainable way. It is another thing entirely to set sustainability goals, track the progress of those goals, and be transparent about decisions being made.

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CPE Webcast: SEC climate disclosure proposed mandate: What you need to know

2022-06-09T14:00:00+01:00Provided by

What might the SEC’s proposed climate disclosure mandate mean as finance and sustainability teams begin implementing and maturing their programs to deliver both business and ESG value?


Fiat Chrysler pleads guilty in $300M emissions fraud case


The U.S. arm of Fiat Chrysler Automobiles pleaded guilty to conspiracy to defraud the United States, wire fraud, and violating the Clean Air Act for “making false and misleading representations” regarding emissions control systems on more than 100,000 vehicles.


CFTC comment request gauging future action on climate-related risks


The Commodity Futures Trading Commission is seeking public comment on climate-related financial risks that could inform the agency’s future guidance, interpretations, policy statements, and/or rulemaking.


Investment advisers fret over SEC’s proposed ESG disclosure rule


Investment advisers and companies worry a recently proposed rule by the SEC that would require enhanced disclosures about funds that claim ESG strategies drive investment choices would have “substantial impact” without providing useful information to investors.

ESG vector

Survey: Legal heavily involved in ESG strategy, less so in compliance


Less than one-fifth of global corporate legal departments in a recent survey reported heavy involvement with environmental, social, and governance compliance, though three-quarters said they had been extremely involved in drafting their companies’ ESG strategy.

Best Buy

Real talk: How Best Buy manages challenges of DEI goals


Two years into its diversity, equity, and inclusion action plan, Best Buy leaders attended Compliance Week’s National Conference to discuss—in a refreshingly blunt manner—the retailer’s learnings.

Deutsche Bank

Deutsche Bank asset management head resigns amid greenwashing probe


Asoka Woehrmann, chief executive of DWS Group, has resigned amid an investigation by German officials into allegations of greenwashing within the asset management unit’s investment portfolio.

CW2022 Leadership Panel

Compliance leadership panel: Current state, future trends, more


Four senior compliance practitioners shared their insights on maintaining an ethical culture, embracing data analytics, determining compliance’s role in measuring ESG metrics, and more as part of a panel discussion at Compliance Week’s National Conference.


Court rules Lafarge to face crimes against humanity charges


A French court ruled Lafarge should face charges of complicity in crimes against humanity after its subsidiary allegedly paid up to €13 million (U.S. $14 million) to armed groups—including the Islamic State—to keep its Syrian cement factory running between 2012-14.

SEC building

SEC rule proposal would order investment firms to back up ESG claims


The Securities and Exchange Commission proposed a new rule that would require registered investment advisers, investment companies, and business development companies to submit enhanced disclosures about funds that claim ESG strategies drive their investment choices.


CPE Webcast: The CISO’s role in ESG: Aligning with your business’ goals

2022-05-24T14:00:00+01:00Provided by

Compliance policies must expand to align with ESG objectives, especially as the Securities and Exchange Commission proposes new rules for climate disclosures.

BNY Mellon

BNY Mellon fined $1.5M by SEC for misstatements on ESG mutual funds


BNY Mellon Investment Adviser has agreed to pay a $1.5 million fine to the Securities and Exchange Commission for making “misstatements and omissions” on environmental, social, and governance mutual funds it managed over three years.

Peter Anderson

Carnival CECO Peter Anderson resigns


Peter Anderson, Carnival’s first chief ethics and compliance officer and a central figure in leading the cruise line giant through its environmental compliance monitorship, has resigned. Richard Brilliant, Carnival’s chief audit officer, will replace Anderson in the new role of chief risk and compliance officer.