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03 February 2023 / Simon Walsh
Issue: 8011 / Categories: Features , ESG , Environment , Governance , Regulatory
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A new dawn for global ESG regulation?

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Environmental, social & governance obligations are expanding their regulatory reach around the world: Simon Walsh considers the compliance frameworks in the EU & US
  • Proposed legislation in the EU and US is set to significantly expand ESG-based reporting obligations for companies based or even operating in these jurisdictions.
  • Companies subject to some or all of these proposals will have to devote considerable time and effort in order to comply in a timely manner.

Global temperatures are not the only thing on the rise: global reporting requirements in respect of environmental, social and governance (ESG) factors are also on the way up. Newly proposed legislation in both the European Union and in the United States is set to significantly expand ESG-based non-financial reporting obligations for companies based in—or, in some cases, operating in—the EU or the US.

The reach of that legislation will also be expanded to a greater range of entities than ever before. This regulatory growth will not only affect businesses which fall directly

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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