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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

Switalskis—Naila Arif, Harriet Findlay & Ellie Thompson

Switalskis—Naila Arif, Harriet Findlay & Ellie Thompson

Firm awards training contracts to paralegals through internal programme

Ward Hadaway—Matthew Morton

Ward Hadaway—Matthew Morton

Private client disputes specialist joins commercial litigation team

Thomson Hayton Winkley—Nina Hood

Thomson Hayton Winkley—Nina Hood

Cumbria firm appoints new head of residential property

NEWS
Freezing orders in divorce proceedings can unexpectedly ensnare third parties and disrupt businesses. In NLJ this week, Lucy James of Trowers & Hamlins explains how these orders—dubbed a ‘nuclear weapon’—preserve assets but can extend far beyond spouses to companies and business partners 
A Court of Appeal ruling has clarified that ‘rent’ must be monetary—excluding tenants paid in labour from statutory protection. In this week's NLJ, James Naylor explains Garraway v Phillips, where a tenant worked two days a week instead of paying rent
Three men wrongly imprisoned for a combined 77 years have been released—yet received ‘not a penny’ in compensation, exposing deep flaws in the justice system. Writing in NLJ this week, Dr Jon Robins reports on Justin Plummer, Oliver Campbell and Peter Sullivan, whose convictions collapsed amid discredited forensics, ‘oppressive’ police interviews and unreliable ‘cell confessions’
A quiet month for employment cases still delivers key legal clarifications. In his latest Employment Law Brief for NLJ, Ian Smith reports that whistleblowing protection remains intact even where disclosures are partly self-serving, provided the worker reasonably believes they serve the ‘public interest’ 
Family law must shift from conflict-driven litigation to child-centred problem-solving, according to a major new report. Writing in NLJ this week, Caroline Bowden of Anthony Gold outlines findings showing overwhelming support for reform, with 92% agreeing lawyers owe duties to children as well as clients
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