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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Ruth Prickett2024-03-18T14:57:00
The future of the EU’s Corporate Sustainability Due Diligence Directive (CS3D) was thrown into doubt when the European Council failed to endorse proposals last month. The directive is back on track after being agreed upon Friday, albeit a weaker version.
Environmental campaigner ClientEarth warned in a press release the late negotiations led to significant concessions. The directive will now apply to organizations with more than 1,000 employees, rather than 500, and with a turnover of 450 million euros (U.S. $490 million), instead of €150 million (U.S. $163 million), meaning only a third of the businesses that would have been impacted will now be in scope.
Anaïs Berthier, head of ClientEarth’s Brussels office, said the agreement had come “at a high price.”
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News and analysis for the well-informed compliance or audit exec.
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2024-05-03T13:34:00Z By Ruth Prickett
The impending decision by the European Parliament to withdraw from the international Energy Charter Treaty and adopt further climate rules sets a clear direction for green regulations in the region.
2024-04-09T18:24:00Z By Aaron Nicodemus
Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference.
2024-03-26T14:00:00Z By Ruth Prickett
Organizations with property in the European Union should be asking more questions about their sustainability and emissions in light of revised plans to decarbonize buildings across the region.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
2024-06-28T17:00:00Z By Aaron Nicodemus
Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs under a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network.
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