ESG/Social Responsibility

ESG assurance


Path to ESG assurance a crawl-walk-run exercise


It’s important companies exercise patience when determining when to begin an assurance engagement, experts explained during a session at CW’s virtual ESG Summit.

Emissions measurement


Scope 3 emissions best practices: Be transparent, thorough


There is much companies can do—and must do, given upcoming regulatory requirements—to rein in Scope 3 emissions, sustainability expert Susan McNichols discussed at CW’s virtual ESG Summit.


News Brief

SEC adopts revised fund name requirements


The Securities and Exchange Commission adopted amendments to its rule covering fund names to ensure the regulation is appropriate to address new investment drivers, namely environmental, social, and governance matters.

GHG emissions


Experts: SEC or not, Scope 3 GHG disclosure requirements coming


The actions of companies like Amazon and new legislation passed in California prove it’s no longer a question of if companies will be required to disclose their greenhouse gas emissions—it’s a question of when, experts told attendees at CW’s virtual ESG Summit.



SEC’s Gensler mum on timing of climate rule, says ‘important issues’ around Scope 3 requirements


Gary Gensler, despite being put on the spot by a member of Congress, declined to provide an update on when the Securities and Exchange Commission might approve its climate-related disclosure rule for public companies.



Q&A: Lexmark sustainability chief on defying ESG criticism to ‘stay the course’


John Gagel, chief sustainability officer for Lexmark International, shares with Compliance Week why the private company tracks its greenhouse gas emissions and plans to comply with the climate-related disclosure rule proposed by the Securities and Exchange Commission.



Large companies in crosshairs early under German Supply Chain Act


Amazon, IKEA, and Volkswagen were among the companies targeted in the first round of complaints under the German Supply Chain Due Diligence Act—an early indication nongovernmental organizations will seek to hold big businesses accountable for alleged human rights violations.

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Webcast: Unearthing environmental risk in timber supply chains using public records

2023-08-31T14:00:00+01:00Provided by

Public records can do a lot to help companies map their supply chains and understand where they are exposed to environmental risk along the way.

ESG concept


Appreciating ESG fraud risk management

2023-08-31T13:00:00+01:00By Tim Klatte, CW guest columnist

The factors that surround the environmental, social, and governance disciplines have grown from just a few to more than 50 considerations, indicating all three ESG elements carry equal weight when evaluating a proper corporate strategy.



CPE Webcast: Five human capital strategies that win

2023-08-29T13:00:00+01:00Provided by Avetta

Discover how leading companies are leveraging human capital management to create a strong connection between employee well-being, sustainable and secure operations, and ESG objectives.

Christy Goldsmith Romero


CFTC commissioner: Three ways to address climate-related financial risks


Christy Goldsmith Romero, a commissioner with the Commodity Futures Trading Commission, recommended three action items to help the agency and regulated entities “measure, understand, and address climate-related financial risk.”



KPMG survey: ESG-related concerns in M&A derailing deals


Material findings related to environmental, social, and governance due diligence have disrupted mergers and acquisitions, forcing companies in the United States and abroad to back out of deals, according to a study from KPMG.



Need to know: New York City AI bias law


Companies that use automated tools to screen candidates for jobs based in New York City must check those systems for bias or potentially run afoul of a first-in-the-nation law.

ESG tech


Tech capabilities key to finance support of ESG reporting


Finance and accounting is increasingly relied on to provide support regarding companies’ ESG disclosures without being granted additional resources. Technology that enables automation serves as a solution to reduce this burden.

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e-Book: Tech capabilities key to finance support of ESG reporting

2023-07-21T16:01:00+01:00Provided by

Businesses confronting environmental, social, and governance matters for the first time are finding value in engaging their finance and accounting teams for support.

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Webcast: Flywheel effect of unified ESG, audit and risk, and financial reporting

2023-07-20T14:00:00+01:00Provided by

Hear from experts about unifying financial reporting, ESG, and audit and why the sum of the whole is greater than the sum of its parts.

Supreme Court


Corporate implications of SCOTUS affirmative action reversal


The trickle-down effects of the Supreme Court’s decision overturning affirmative action in college admissions have already come to light. With legal attacks on diversity, equity, and inclusion efforts on the horizon, private employers should risk assess their programs.

Business success


Survey: Investment adviser compliance ramps up testing on advertising, marketing


The most popular mock exams conducted by compliance professionals at investment adviser firms this year have been on the Securities and Exchange Commission’s advertising/marketing rule, according to a new poll.



CPE Webcast: Insights from the German Supply Chain Due Diligence Act

2023-07-13T11:00:00+01:00Provided by

The German Supply Chain Due Diligence Act (LkSG) is part of a growing focus on corporate environmental, social, and governance performance by governments and regulators.


News Brief

CFTC assembles task forces to combat cyber and tech issues, ESG fraud


The Enforcement Division of the Commodity Futures Trading Commission announced it established two new task forces to combat cyberattacks and misuse of technology and environmental fraud.


News Brief

Treasury report recommends stricter supervision of insurers’ climate risks


The Treasury Department’s Federal Insurance Office issued a report on gaps in how states supervise and assess climate-related risks among insurers.

Uber building


Learning from Uber’s DEI setback: Why structure, collaboration matter


Experts look back at Uber’s recent diversity, equity, and inclusion fiasco and illuminate hazards to avoid, allowing organizations to gain a stronger footing on their own DEI journeys.


News Brief

SEC spring 2023 regulatory agenda: 37 rules in final stage


The rest of the year is shaping up to be busy at the Securities and Exchange Commission, where final rules regarding climate-related disclosures, enhanced cybersecurity risk governance, and more are all on the near-term agenda.

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e-Book: Climate and sustainability reporting challenges

2023-06-13T02:36:00+01:00Provided by

Significant change in corporate attitudes toward environmental, social, and governance (ESG) reporting have many companies implementing controls and governance processes over the collection, review, and reporting of sustainability information for the first time.



Poll finds finance empowerment key to ESG reporting confidence


The Deloitte Center for Controllership released new data that indicates confidence levels in environmental, social, and governance financial reporting are low.

ICA ESG e-Book


e-Book: ESG survey: Social risks, blind spots, and barriers

2023-06-08T13:20:00+01:00Provided by

This free e-Book explores why companies understand the social risks in their supply chains posed by corruption, inequality, and employment standards but don’t always fully recognize less visible risks such as forced and child labor.

Forced labor hands


Survey: Social risks in supply chain prove vexing for GRC professionals


Respondents to a survey conducted by the International Compliance Association said they were confident they understood and are properly monitoring the social risks in their companies’ supply chains, though blind spots regarding cultures and strategic plans remain.

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e-Book: New audit risk landscape: ESG, cyber, more

2023-05-31T01:27:00+01:00Provided by

As companies face sustainability reporting challenges, accounting and audit firms are fielding increased requests for assistance, along with demands from investors and regulatory bodies for assurance on disclosures.

Eric Choy CW2023


CW2023: CBP official on early impact of Uyghur forced labor law


Customs agents have flagged thousands of products marked as made in Malaysia, Vietnam, or elsewhere in accordance with the UFLPA, an official from U.S. Customs and Border Protection shared during a panel at Compliance Week’s 2023 National Conference.

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CPE Webcast: How to optimize finance and support a robust ESG practice

2023-05-18T14:00:00+01:00Provided by

Environmental, social, and governance reporting is quickly becoming a critical finance and accounting responsibility. To support ESG initiatives, organizations must navigate a growing list of priorities on top of existing workloads.



CPE Webcast: Compliance leader’s guide to carbon measurement

2023-05-16T14:00:00+01:00Provided by Avetta

As regulations and reporting requirements related to carbon emissions continue to evolve, compliance leaders must stay up to date with the latest best practices and techniques for accurate carbon measurement.

ESG vector


ESG reporting an opportunity to showcase compliance quality

2023-05-12T14:43:00+01:00By Hassan Chaudry, CW guest columnist

Hassan Chaudry, director of compliance at Canada-based asset management firm Starlight Investments, shares his take on how companies can derive value from their compliance efforts regarding environmental, social, and governance and anti-bribery and corruption.

Flex sign


Chapter 4: Customers’ cooperation key to Flex’s 2030 sustainability strategy


Reaching a meeting of the minds with customers is essential to Flex achieving its long-term goals. The company’s president of manufacturing and services discusses its investment in sustainability solutions and progress to be made in remanufacturing.



Chapter 3: Criticality of preferred suppliers in supporting Flex’s sustainability efforts


Reducing Scope 3 emissions can’t be done without buy-in from critical suppliers. Flex’s VP of procurement and supply chain management discusses the company’s work two years into its stated sustainability commitments.

Flex Governance index


Chapter 2: ‘All in the same family’: How Flex’s 100-plus facilities align on sustainability


The global sustainability team at Flex is “the connectors” across the enterprise, said program head Barjouth Aguilar. Company leaders share observations, strategies, and technologies driving their coordinated sustainability efforts.

Revathi Advaithi


Chapter 1: New Flex CEO drives renewed focus on sustainability


The year Revathi Advaithi came on board as chief executive officer of Flex proved to be a hinge point for the global manufacturer’s sustainability strategy as it set science-based targets to hit by 2030.


News Brief

Canada approves supply chain law for large companies


Large Canadian businesses must meet new supply chain rules starting in January that are designed to prevent products tainted by forced and child labor from entering the country.


News Brief

SEC commissioner: ESG standards attempt to ‘measure the unmeasurable’


Hester Peirce of the Securities and Exchange Commission argued materiality-based standards—not environmental, social, and governance standards—best suit investors’ needs during a recent speech.


News Brief

Lawmakers pressure SEC to examine Shein’s sourcing practices before IPO


Two dozen lawmakers have demanded the Securities and Exchange Commission require an independent third party to verify fast-fashion retailer Shein does not use Uyghur forced labor before allowing it to go public.


News Brief

DOJ fine against GM accompanied by export control law guidance


General Motors agreed to pay $365,000 to settle charges it discriminated against non-U.S. citizens by requiring prospective hires to provide unnecessary documents as part of its export compliance assessment.


News Brief

New COSO guidance tackles sustainability reporting


The Committee of Sponsoring Organizations of the Treadway Commission created a framework for companies seeking to achieve effective internal control over sustainability reporting.


News Brief

William Hill fined record $23.7M for social responsibility, AML failures


The U.K. Gambling Commission announced three units of British bookmaking service William Hill Group will pay a record fine of £19.2 million (U.S. $23.7 million) for failures regarding social responsibility and anti-money laundering.

SEC building

News Brief

Vale to pay $55.9M in SEC settlement over dam disclosures


Brazilian mining company Vale agreed to pay $55.9 million to settle Securities and Exchange Commission charges it issued false and misleading statements regarding the safety conditions of its dams.

ESG money


Accounting and reporting challenges of environmental credits


Companies are working on plans to reduce their carbon emissions. The popularity of environmental credits has grown as a way for companies to meet their emission reduction targets.

Texas State Capitol


Anti-ESG fervor catching fire with Republican lawmakers


The blowback against environmental, social, and governance initiatives in investments and corporate strategies is quickly building momentum in conservative politics, with nearly two dozen states proposing bills that limit ESG investments.



CPE Webcast: Accelerating your sustainability journey through robust supplier engagement

2023-02-28T11:00:00+00:00Provided by

As conversations around climate change and inequality intensify around the globe, businesses face increased scrutiny and pressure from regulators, investors, and customers to ESG goals across the value chain—including third parties.



Book review: Why revamping procurement benefits business—and compliance


In “Profit from the Source,” four Boston Consulting Group thought leaders argue why procurement should be shaping corporate strategy, not just supporting it. Author Daniel Weise tells Compliance Week why such a transformation would elevate compliance, too.



Survey: Cybersecurity, regulatory risks lead TPRM priorities in 2023


Respondents to a survey from Compliance Week and Dun & Bradstreet overwhelmingly indicated cybersecurity to be the most important compliance-related area affecting third-party risk management in the new year, though fraud and other risks should still be on their radar.


News Brief

SEC exam report highlights Marketing Rule, Reg BI, private fund advisers


The Securities and Exchange Commission’s 2023 examination priorities report laid out areas under the microscope this year, including compliance with the agency’s Marketing Rule and Regulation Best Interest.


News Brief

Report: SEC mulls tweaks to ease climate-related disclosure rule obligations


The Securities and Exchange Commission is reportedly considering pulling back on key elements of its proposed climate-related disclosure rule following pushback from investors, companies, and the public.