Everyone’s talking about ESG (environmental, social and governance), and regulatory change afoot in the EU and US will significantly expand the reporting obligations of companies with operations in either region.
Writing in this week’s NLJ Simon Walsh, attorney at Cadwalader, looks into the proposed changes to the compliance frameworks.
Walsh covers the industries affected, explores how affected companies will need to respond, and the cost attached. He writes: ‘The reality for many businesses operating in global supply chains may be that it will be safer from a regulatory risk perspective… for the business to apply a “highest common denominator” or “least favourable nation” approach, in applying the most onerous standards applicable.’
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