SRR Regulation
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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…
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EU adopts rules to protect against false green claims
The European Council has adopted a directive designed to protect consumers against greenwashing claims, including carbon offsetting, and empower consumers…
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European firms must verify green claims before marketing, says parliament
The European Parliament’s Internal Market and Environment committees have adopted their position on rules governing how firms can validate their…
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Germany and Italy derail due diligence law
The future of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) has been thrown into serious doubt after Germany and…
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Key CSDDD vote going to the wire and could see directive fall by the wayside
The key vote today by EU member states on the Corporate Sustainability Due Diligence Directive (CSDDD) remains up in the…
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European Council and Parliament agree to delay key sustainability reporting standards
The European Council and the European Parliament have reached a provisional deal to delay sustainability reporting standards for certain sectors…
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Europe targets 90% emission cut by 2040
Europe has set a legislative path for a 90% cut in greenhouse gas emissions by 2040 before it can reach…
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German government may abstain on CSDDD vote, reports suggest
The German government may be planning to abstain on an upcoming vote on the EU’s draft corporate sustainability due diligence…
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Revised GRI biodiversity standard to set global benchmark
The Global Reporting Initiative (GRI) has published a major update to its biodiversity standard, which it said will set a…
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Diluted UK Corporate Governance Code reform focuses on internal controls
A regulatory overhaul of corporate governance standards for UK-listed firms has been pared back to “small, but important” changes on…
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Corporate criminal liability rises in UK with new failure to prevent offences
Criminal liability for UK companies is rising with the introduction of ‘failure to prevent’ offences, which introduce unlimited fines and…