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28 January, 2023

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Tag: legislation

sustainability double materiality

Investors call for sustainability standards to take in ‘double materiality’

Asset managers want the ISSB to include proposals for companies to report their impact on the environment.

Magnifying glass on audit documents

Government publishes response to audit reform proposals

While directors will face sanctions for inadequate company reporting and audit committee duties, other key reforms have been watered down.

Global map with currencies

Global minimum corporate tax rate negotiations ‘need a fairer forum’

US treasury secretary Janet Yellen is in Europe to push for agreement on the deal across 136 countries. But critics warn it misses the mark.

Houses of Parliament

Government confirms commitment to sustainability disclosure requirements

The UK will proceed with legislative plans for SDRs, including transition reports, after the proposals were missing from the Queen’s Speech.

Disney signs at the London Pride march

Politics in the Magic Kingdom: Disney, DeSantis and LGBTQ+ rights

Disney CEO Bob Chapek’s criticism of Florida’s “Don’t Say Gay” bill is a reminder that speaking out can have serious implications for boards.

EU flag

EU’s human rights and sustainability law faces criticism from academics

Legal experts are highlighting a host of issues with the proposals, from scope and standards to a lack of protection for whistleblowers.

Shell logo outside a petrol station

ClientEarth’s climate case against Shell ‘likely to fail’

Corporate governance expert says ClientEarth will struggle to prove Shell’s directors did not consider the “wider interests” of the company.

EU flag

Companies protest delay in EU human rights due diligence legislation

Companies including Ikea, Danone and Aviva Investors have signed a letter calling on the EU to accelerate its work on human rights proposals.

European Commission president Ursula von der Leyen

NGOs challenge European Commission on delay to human rights law

Amnesty International and Oxfam are among 47 NGOs that have written to European Commission president Ursula von der Leyen demanding progress.

Houses of Parliament

Top UK companies push for mandatory human rights due diligence

Tesco, John Lewis, Asos and the Co-op are among the firms calling for new UK laws mandating human rights and environmental due diligence.

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