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 within its scope; the impact of these requirements will
