SRR Regulation
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US introduces law to protect drinking water from PFAS pollution
The US government has issued the first-ever national, legally enforceable drinking water standard to protect communities from exposure to harmful…
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EU says deforestation regulation on track despite opposition
Virginijus Sinkevicius, European environment commissioner, reportedly told Reuters during a visit to a cocoa-producing cooperative in Ivory Coast on Sunday…
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French MPs approve bill to restrict use of PFAS
French MPs have approved the first reading of a bill that is designed to restrict the manufacture and sale of…
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SEC pauses climate risk disclosure rules pending judicial review
The US Securities and Exchange Commission (SEC) has put a hold on proposed new climate-related disclosure rules pending judicial review.…
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Darim keeping on top of constantly changing legislation
Regulation has become an increasingly onerous part of the corporate world and one that carries its own risks – from…
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Climate disclosures will help identify risk but increase scrutiny, says Moody’s
Increased global transparency and standardisation will improve the ability to analyse climate risks and opportunities, but some entities will face…
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EC adopts tougher criminal sanctions for environmental crime
The European Council has formally adopted a directive to protect the environment through criminal law. It said that the law…
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Ferma remains ‘vigilant’ as CSDDD passes next hurdle
Ferma has told Commercial Risk that it is “relieved” a risk-based approach to due diligence has survived the watered-down version…
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BusinessEurope unhappy with revised CSDDD
BusinessEurope, the European confederation that represents 40 national industry and employers’ organisations, is unhappy with the agreement on the EU…
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European Council adopts watered down CSDDD
The Belgian presidency of the European Council has finally managed to gain approval for the Corporate Sustainability Due Diligence Directive…
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Revamped UK internal audit code expands to cover more risks and corporate culture
Proposed changes to a code of practice for internal audit in the UK promises to “raise the bar” for the…
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EU acts to break the forced labour business model
The EU may have ditched the Corporate Sustainability Due Diligence Directive (CSDDD) for the time being but opponents of strict…
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MEPs pass beefed-up environmental crimes directive
Members of the European Parliament (MEPs) have adopted and extended the list of offences and sanctions in the Environmental Crimes…
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Ferma says CSDDD rejection provides time to address ‘shortcomings’
The Federation of European Risk Management Associations (Ferma) has told Commercial Risk that news that the Corporate Sustainability Due Diligence…
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CSDDD ‘back to square one’ as Council blocks legislation
The EU Corporate Sustainability Due Diligence Directive (CSDDD) has failed to achieve backing from the European Council and now looks…
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More progress needed on sustainability assurance, says GRI
New analysis has revealed the growing importance of sustainability assurance, but more progress is needed, according to Global Reporting Initiative…
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European Parliament agrees nature restoration law
The European Parliament has adopted a new law on nature restoration that sets a target for the EU to restore…
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EU agrees carbon removals certification framework
The European Council and Parliament negotiators have reached a provisional political agreement on a regulation to establish the first EU-level…
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Implementation and enforcement of ESG rules focus in 2024
Policymakers and regulators in 2024 will focus more on implementation and enforcement of the new rules after last year’s frenetic…
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Italian and German governments under pressure to drag CSDDD back on track
Claims by environmental and human rights groups that big business supports the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) appear…