AI Around the Globe: What to Know in 2024
Impact of environmental, social and governance agenda on tax
Suzanne Folsom & Christopher Burnham on Private Sector Lessons
As socially responsible investing has gone mainstream, regulators in Europe and the United States have stepped in and are now formalizing rules around disclosures pertaining to Environment, Social and Governance (“ESG”)...more
On May 4, 2023, the United Nations announced the formation of a 35-member bank-led working group to promote nature- and biodiversity-related target setting that is aligned with the Kunming-Montreal Global Biodiversity...more
Hoy hace 50 años, la Asamblea General de las Naciones Unidas estableció el 5 de junio como el Día Mundial del Medio Ambiente para destacar la importancia de la protección del medio ambiente. ...more
ESG is understood to be an acronym for “environmental, social and governance,” but the term can be challenging because it’s used to describe similar but distinct communities of practice, including corporate social...more
The Principles for Responsible Investment (PRI), a UN-supported network of investors, has announced the publication of its 2023 Reporting Framework along with an update on accountability. This development, according to the...more
Companies should be thoughtful and strategic about how they structure their voluntary and mandatory climate disclosures. There are many climate disclosure standards – as well as environmental, social and governance (ESG)...more
The explosion of global business and human rights continued to resonate across the globe in 2022. Some of the business and human rights trends have been evident and growing for several years; others are relatively new. Many...more
As the European Union (“EU”) continues to debate whether downstream responsibilities will fall within the contours of its hefty Corporate Sustainability Mandatory Due Diligence Directive (“CSMDD”), and the EU Council just...more
The risk of businesses becoming involved with, and potentially complicit in, grave human rights abuses is naturally higher in the context of armed conflicts and other situations of widespread violence. The UN Development...more
Last month at the 2021 United Nations Climate Change Conference (commonly referred to as the COP26), the International Financial Reporting Standards Foundation (IFRS Foundation) announced the formation of an International...more
The Russian Federation has taken its first steps towards implementing global sustainable development principles by adopting the Decree of the Russian Government No. 1587 dated 21 September 2021 "On approving criteria for...more
From June 2 to June 4, leading central bankers, policymakers, regulators, private sector CEOs, civil society members and academics gathered for the Green Swan 2021 Global Virtual Conference. The conference was co-hosted...more
The UK Government’s recent announcement emphasises a more ambitious modern slavery agenda and, specifically, the use of a “smarter mix” of measures across policy, regulation, stakeholder expectations and corporate practice to...more
This paper attempts to provide a definition and context for the term, Environmental, Social and Governance (“ESG”), explain how and why it is used, demonstrate how investors are driving the proliferation of ESG reporting,...more
Overview Of United Nations: Principles For Responsible Investment - Overview of the UN PRI - The United Nations Principles for Responsible Investment (the “UN PRI”) is an initiative developed in partnership with the United...more
Considerations for companies seeking to leverage sustainable finance in Russia and the CIS. Environmental, social, and governance (ESG) and sustainable finance became a more pressing issue in Russia and the Commonwealth of...more
ESG is not a new phenomenon, but its significance for asset managers is growing. With continued media scrutiny of sustainability and environmental pressures, "millennials" forming a greater proportion of the investing...more
Sustainable finance and its surrounding infrastructure offers growing potential for deals and green innovation. The global sustainable finance market has expanded rapidly in recent years, approaching US$320 billion in new...more
Since it was established in 2014, a United Nations Inter-Governmental Working Group (“IGWG”) has met annually to develop a multilateral treaty to attempt to hold businesses legally accountable for harms that may be related to...more
Human rights issues increasingly require the assistance of experienced counsel who can help employers navigate very fluid and complex legal, business and societal considerations. ...more
It’s Friday and time for another overview of developments in the field of business and human rights that we’ve been monitoring. This week’s post includes: a look ahead at the upcoming UN Forum on Business and Human Rights;...more
In 2011, the United Nations adopted the UN Guiding Principles on Business and Human Rights (“UN Guiding Principles”), which provide non-binding guidelines on how employers should conduct their business activities to provide...more