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The EU’s Corporate Sustainability Due Diligence Directive - Obligations for Companies

On 5 July 2024, the final text of the Corporate Sustainability Due Diligence Directive (CSDDD) was entered into the Official Journal of the EU. The CSDDD will enter force on 25 July 2024. This marks the final key step in the...more

EU Adopts Corporate Sustainability Due Diligence Directive

The CSDDD is set to impose mandatory human rights and environmental due diligence obligations for in-scope companies. On 5 July 2024, the Corporate Sustainability Due Diligence Directive (CSDDD) was published in the...more

UK Court of Appeal Rules NCA’s Refusal to Investigate Cotton Imports From Uyghur Region Unlawful

The ruling propels UK law enforcement to increase its investigative powers under POCA, and businesses to enhance their supply chain due diligence. On 27 June 2024, the UK Court of Appeal found that the National Crime...more

EFRAG Publishes First Implementation Guidance Documents for CSRD Reporting

This guidance aims to support the preparation and analysis of reports using the European Sustainability Reporting Standards. On 31 May 2024, EFRAG published the first three Implementation Guidance (IG) documents relating...more

EU Parliament Approves Supply Chain Sustainability Rules

On 24 March 2024, the European Parliament approved the Corporate Sustainability Due Diligence Directive (CSDDD) with a vote of 374 in favour (compared with 235 votes against and 19 abstentions)....more

European Court of Human Rights Delivers Three Landmark Rulings on Climate Change

For the first time, the Court has confirmed that the adverse impacts of climate change fall within the ambit of human rights protection under the European Convention of Human Rights, obliging States to implement effective...more

EU Reaches Provisional Agreement on Forced Labour Regulation

The proposed regulation would ban forced labour-made products from the EU market, affecting companies’ supply chains and requiring compliance checks. On 5 March 2024, the European Parliament and European Council...more

EU Member States Reach Agreement on Corporate Due Diligence Directive

Following extended negotiations, the directive was endorsed with a significantly narrower scope that would reduce the number of companies affected. On 15 March 2024, EU Member States endorsed the Belgian Presidency’s...more

Four Stock Exchanges Collaborate to Develop the ASEAN-Interconnected Sustainability Ecosystem

The stock exchanges of Malaysia, Indonesia, Thailand, and Singapore have partnered to advance sustainability in ASEAN through the development of an interregional ESG ecosystem. On February 15, 2024, Bursa Malaysia Berhad...more

UK Government Launches Critical Imports and Supply Chains Strategy

The strategy aims to boost supply chain resilience of critical goods. On 17 January 2024, the government launched the Critical Imports and Supply Chains Strategy (the strategy), which aims to safeguard UK supplies of goods...more

UK House of Lords Parliament Considers New Bill on Mandatory Human Rights and Environmental Due Diligence

The Private Members Bill, if passed, would establish the UK’s first law mandating business due diligence on human rights and the environment. On 28 November 2023, Baroness Young of Hornsey (Baroness Young) introduced the...more

OECD Updates Corporate Due Diligence Guidelines

The Guidelines build on current social, environmental, and technological issues facing businesses following the last update in 2011. The Organisation for Economic Co-operation and Development (OECD) released updated...more

European Commission Adopts Proposal to Promote Repair of Goods

As part of the European Green Deal ambitions, the proposal encourages sustainable consumption through additional incentives to repair products to reduce waste and emissions. On 22 March 2023, the European Commission...more

European Commission Proposes Net Zero Industry Act and Critical Raw Materials Act

The proposals form part of the Green Deal Industrial Plan and aim to scale up technology and materials for the energy transition. On 16 March 2023, the European Commission (Commission) formally proposed two legislative...more

Can Forced-Labour Goods Trigger UK Money Laundering Violations?

A court recently found that UK authorities did not fetter their discretion by not investigating general cotton imports potentially produced by the forced labour of Uyghur people in China. On 20 January 2023, the High...more

European Commission Releases Communication on the Green Deal Industrial Plan

The Plan aims to “simplify, accelerate and align incentives to preserve the competitiveness and attractiveness of the EU as an investment location for the net-zero industry”. On 1 February 2023, the European Commission...more

European Council Adopts Negotiating Position on Corporate Sustainability Due Diligence Directive

The Council’s position includes a number of differences from the European Commission’s original proposal, including in relation to the requirement to diligence the broader value chain. On 30 November 2022, the European...more

European Commission Proposes Legislation to Prohibit Products Made or Imported With Forced Labour

The proposal highlights the growing global focus on companies’ human rights obligations not just towards employees but also towards workers in their supply chains. On 14 September 2022, the European Commission (the...more

US Government Publishes Uyghur Forced Labor Prevention Act Enforcement Strategy

The Strategy provides useful guidance for importers seeking to comply with the provisions of the UFLPA. The Uyghur Forced Labor Prevention Act (UFLPA) was signed into law by President Biden on December 23, 2021, to...more

Uyghur Forced Labor Prevention Act Rebuttable Presumption Enters Into Force

Forced Labor Enforcement Task Force issues required enforcement strategy, including guidance to importers. On June 21, 2022, the key operative provision of the Uyghur Forced Labor Prevention Act (UFLPA) entered into...more

China to Introduce Its First ESG Disclosure Standard

The move follows a number of similar standards that regulators and governments across the globe have proposed. With effect from 1 June 2022, the Guidance for Enterprise ESG Disclosure (the Guidance), published by...more

New Senate Bill Targets US Corporate Conduct in China

The bill seeks to extend certain provisions of the Foreign Corrupt Practices Act. The U.S. Congress continues to take interest in implementing legislation to curb alleged human rights abuses in the supply chain in China...more

European Commission Proposes New Supply Chain Due Diligence Rules for Large Companies

In-scope companies would have to publicly identify “actual and potential” adverse impacts of their operations on the environment and/or human rights. On 23 February 2022, the European Commission (the Commission)...more

ESG on the Rise in M&A Transactions

Dealmakers should continue to weigh the impact of ESG issues on M&A deals as ESG standards evolve. Environmental, social, and governance (ESG) issues have become increasingly important for corporates in recent years,...more

ESG in 2022: 10 Things to Look Out For

Corporate reporting (including SEC developments), climate change,  energy transition, supply chain management, and the mitigation of ESG-related litigation risk are expected to be the leading ESG themes of this year. As...more

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