2022-07-06T13:40:00+01:00By Aaron Nicodemus
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.
2022-06-23T22:08:00+01:00By Aaron Nicodemus
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.
2022-06-16T14:48:00+01:00By Maria L. Murphy
The Financial Accounting Standards Board added a project to its technical agenda on environmental credits that will include recognition, measurement, accounting presentation, and disclosure.
CPE Webcast: How prepared is your organization for the SEC’s proposed climate-related disclosure rule?
2022-06-14T14:00:00+01:00Provided by CohnReznick
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.
2022-06-09T15:24:00+01:00Provided by Workiva
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.
2022-06-09T14:00:00+01:00Provided by Workiva
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?
2022-06-06T18:24:00+01:00By Jeff Dale
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.
2022-06-03T13:44:00+01:00By Kyle Brasseur
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.
2022-06-02T22:29:00+01:00By Aaron Nicodemus
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.
2022-06-02T16:57:00+01:00By Adrianne Appel
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.
2022-06-02T11:45:00+01:00By Aly McDevitt
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.
2022-06-01T18:10:00+01:00By Aaron Nicodemus
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.
2022-05-31T11:51:00+01:00By Kyle Brasseur
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.
2022-05-31T11:51:00+01:00By Neil Hodge
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.
2022-05-25T22:52:00+01:00By Aaron Nicodemus
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.
2022-05-24T14:00:00+01:00Provided by OneTrust ESG
Compliance policies must expand to align with ESG objectives, especially as the Securities and Exchange Commission proposes new rules for climate disclosures.
2022-05-23T17:30:00+01:00By Aaron Nicodemus
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.
2022-05-19T16:49:00+01:00By Kyle Brasseur
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.
2022-05-18T15:13:00+01:00By Kyle Brasseur
Matthew Friedman, an expert on international human trafficking with more than 30 years of experience, discussed the importance of companies addressing modern slavery in their supply chains as part of a virtual fireside chat on the human factor of ESG at Compliance Week’s National Conference.
2022-05-17T17:15:00+01:00By Aaron Nicodemus
Two SEC commissioners from opposite sides of the political aisle took slightly different positions on how to assess the liability of poor performing chief compliance officers as part of the Day 2 opening keynote at Compliance Week’s National Conference.
2022-05-16T16:00:00+01:00By Kyle Brasseur
For Snap, kindness has long been a core value, but only last year did the company overhaul its code of conduct to thrust the term to the forefront of its internal communications. Snap was recognized as Compliance Program of the Year at the 2022 Excellence in Compliance Awards.
2022-05-13T11:00:00+01:00By Aaron Nicodemus
FedEx’s DEI strides—including becoming a minority-majority employee company in the U.S. for the first time in its history in fiscal year 2018—are not by accident. The company’s long history of hiring a diverse workforce and promoting from within is among the keys to its success.
2022-05-12T11:00:00+01:00By Aaron Nicodemus
When FedEx published its first Global Citizenship Report in 2008, its greenhouse gas emissions were already top of mind. Yet, the company has struggled to strike a balance between achieving year-over-year decreases in total emissions while it has expanded in the last decade-plus.
2022-05-11T11:00:00+01:00By Aaron Nicodemus
In March 2021, FedEx announced an audacious goal: to achieve carbon-neutral operations globally by 2040. How did the company develop this pledge, and how will it track its progress and hold itself accountable to intermediate goals?
2022-05-10T11:00:00+01:00By Aaron Nicodemus
Since 2008, FedEx has produced detailed reports on its ESG initiatives. The company’s chief sustainability officer discusses the decision-making process behind the first report, determining materiality, and more in Part 1 of this four-part special report, published in partnership with the ICA.
2022-05-09T19:40:00+01:00By Aaron Nicodemus
The Securities and Exchange Commission has extended the comment period for its controversial climate-related disclosure rule to allow interested parties more time to consider the issues and share feedback.
2022-05-09T18:29:00+01:00By Maria L. Murphy
While the Securities and Exchange Commission’s proposed climate-related disclosure rule is being finalized, affected companies should begin considering new attestation requirements for accelerated and large accelerated filers regarding greenhouse gas emissions.
2022-05-06T19:30:00+01:00By Aaron Nicodemus
The Department of Justice announced the creation of the Office of Environmental Justice to serve as a “central hub” for a federal environmental enforcement strategy that will pursue cases regarding environmental crime, pollution, and climate change.
2022-05-03T12:06:00+01:00By Neil Hodge
The U.K. Modern Slavery Act has often been described as “world leading,” yet companies are still failing to meet requirements by providing a statement outlining what they are doing to prevent modern slavery in their businesses and supply chains.
2022-05-03T12:00:00+01:00By Aly McDevitt
Legal scholar Joan Williams’s book delivers an avalanche of evidence-based research on structural biases in the workplace and teaches how to course correct broken systems over time by interrupting basic business functions now.
2022-05-02T12:30:00+01:00By Aly McDevitt
Todd Hartman, EVP, general counsel and chief risk officer at Best Buy, previews his panel titled, “The Intersection of DEI & Compliance & Ethics—Lessons Learned from Best Buy’s Journey,” at CW’s National Conference in Washington, D.C. from May 16-18.
2022-04-29T17:21:00+01:00By Jeff Dale
Brazilian mining company Vale was accused by the Securities and Exchange Commission of making false and misleading safety audit and disclosure claims prior to the January 2019 collapse of its Brumadinho dam.
2022-04-18T13:11:00+01:00By Jane Levine, CW guest columnist
Jane Levine, chief compliance officer at DailyPay, shares three suggestions for ensuring women are empowered within the ethics and compliance profession.
2022-04-06T16:59:00+01:00By Aaron Nicodemus
A California state superior court judge struck down a diversity mandate that ordered public companies in the state to have at least one minority board member by the end of 2021.
2022-04-06T16:36:00+01:00By CW Staff
Wells Fargo & Company announced the appointment of Robyn Luhning to the newly created role of chief sustainability officer.
2022-04-05T11:59:00+01:00By James Thomas, International Compliance Association
Financial institutions have outlined commitments to reduce their CO2 emissions, though many observers have noted a disconnect between what institutions are saying about climate change and what they are doing about it.
2022-04-01T12:00:00+01:00By Julie DiMauro
Regulation and guidance from U.S. agencies and the White House, plus compliance challenges stemming from a two-year global pandemic and Russia’s ongoing invasion of Ukraine, made the first quarter of 2022 a novel risk environment for regulated businesses.
2022-03-28T15:19:00+01:00By Kyle Brasseur
The Public Company Accounting Oversight Board published its annual report highlighting feedback received from its discussions with audit committee chairs at U.S. public companies during the previous year.
2022-03-23T22:07:00+00:00By Aaron Nicodemus
The Securities and Exchange Commission’s proposed climate-related disclosure rule would force companies that have been reluctant to initiate a self-examination of their environmental impact to do so, posthaste. Experts weigh in on where to start.
2022-03-22T13:00:00+00:00By Aly McDevitt
Many business leaders wish to be better stewards of diversity, equity, and inclusion at their organizations. James and Krista White’s “Anti-Racist Leadership” debuts a rare playbook for instigating cultural transformation and making DEI an engine of business performance.
2022-03-21T21:09:00+00:00By Aaron Nicodemus
After months of anticipation, the Securities and Exchange Commission issued its proposed climate-related disclosure rule, a sweeping potential mandate that would force all public companies to quantify, measure, and disclose their effect on the environment.
2022-03-21T17:49:00+00:00By Rhodri Kettle, International Compliance Association
Climate change is no longer a niche interest. If the trend continues, long-term views and ambitions will overtake short-term, “at any cost” profitability because appetites will change. Where must companies focus?
2022-03-15T15:45:00+00:00By Aaron Nicodemus
Allison Herren Lee announced she will not seek a second term as a commissioner at the Securities and Exchange Commission once her current term expires in June.
2022-03-14T17:49:00+00:00By Jaclyn Jaeger
Deutsche Bank disclosed the Department of Justice determined it breached its obligations under a 2021 deferred prosecution agreement. As a result, the term of an independent compliance monitor at the bank has been extended until February 2023.
2022-03-11T19:02:00+00:00By Aaron Nicodemus
The Securities and Exchange Commission will discuss its anticipated new rule ordering public companies to issue climate-related disclosures at its open meeting March 21.
2022-03-09T18:12:00+00:00By Dave Lefort
A keynote with two SEC commissioners; interactive sessions on global sanctions, ESG, and ethical leadership; and a new conference location and format highlight Dave Lefort’s list of reasons to be excited for CW’s first in-person event in nearly three years.
2022-02-24T19:46:00+00:00By Maria L. Murphy
Two prominent audit committee chairs speak to the results of a Deloitte Center for Board Effectiveness and Center for Audit Quality report on audit committee practices and the major issues audit committees face today.
2022-02-14T12:01:00+00:00By Maria L. Murphy
An investor-focused panel at a recent event shared views on investors’ perspectives about current and future use of ESG metrics and disclosures and where common ground can be found between the providers and users of the information.