Companies have long been awaiting some more clarity on their reporting obligations vis à vis the German Supply Chain Due Diligence Act (SCDDA). The BAFA has now shed some light on what is expected of the reporting entities by publishing 38 detailed questions (in addition to some general information on the reporting entity) covering the whole
Interest in ESG investing continues to attract attention globally as policymakers and regulators around the world implement policies and regulations to direct or guide behavior and protect the interests of a wide range of stakeholders. Against this backdrop, we observe a rising challenge to so-called “woke capitalism”, particularly with the recent wave of anti-ESG sentiment
On October 12, 2022, the Green and Sustainable Finance Cross-Agency Steering Group (the “Steering Group”) co-chaired by the Hong Kong Monetary Authority (“HKMA”) and the Securities and Futures Commission (“SFC”) launched the Sustainable Finance Internship Initiative (the “Initiative”). The Initiative aims to create more internship opportunities in Hong Kong for university students and to enhance
Investors across the globe are increasingly putting pressure on legislators to mandate human rights and environmental due diligence (“HREDD”). The UK Government has not been immune from such pressure.
As highlighted in our earlier blog post, in early September 2022, a group of 47 companies, investors, business associations and initiatives operating in the UK
Singapore recently launched two ESG initiatives to accelerate the growth of a “vibrant and robust” ESG ecosystem in the city state. The ESG Impact Hub (Hub) and ESGenome were launched on 5 October 2022 and 12 September 2022, respectively.
ESG Impact Hub
Located in Singapore’s central business district, the Hub seeks to encourage co-location
Banking organizations should take note of an announcement last week by the Board of Governors of the Federal Reserve System that it would conduct a climate scenario analysis exercise with six of the largest US banking organizations. This Legal Update provides further detail on this exercise.
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The expectation for businesses to conduct human rights and environmental due diligence (“HREDD”) is increasingly becoming mandated by legislators across the globe. As discussed in our earlier blog post, mandatory HREDD obligations are already in-place across Europe, including in France, Germany and Norway, whilst the EU is expected to adopt the draft Corporate Sustainability
Companies have a substantial impact on human rights when carrying out their business activities. The United Nations Guiding Principles on Business and Human Rights set the expectation that companies conduct human rights and environmental due diligence (“HREDD”) with respect to their business activities, which includes assessing and responding to actual and potential human rights issues.
In a timely episode of Tools of the Trade, Mayer Brown Chair Jon Van Gorp and Management Committee member Sally Davies take on a topic of increasing importance: environmental, social and governance principles, commonly referred to as ESG. Their primary guest, David Carpenter, is one of three co-leaders (with Mark Uhrynuk and James Whitaker) of
At the Summer 2022 National Meeting of the National Association of Insurance Commissioners (“NAIC”), the Innovation, Cybersecurity, and Technology (H) Committee and its Big Data and Artificial Intelligence (H) Working Group held their first Collaboration Forum session on the topic of algorithmic bias. The Collaboration Forum was established at the Spring National Meeting as a