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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aly McDevitt2023-11-28T16:00:00
Climate-related disclosure efforts are amplifying year over year (YOY), despite persistent and persnickety pain points, as more organizations widen the scope of the “discovery phase” of their environmental, social, and governance (ESG) journeys.
For the second year, Compliance Week polled risk and compliance practitioners on their climate-related disclosure efforts as part of our annual “Inside the Mind of the CCO” survey. The survey received 322 responses; of that total, 128 said they must comply with the Securities and Exchange Commission’s proposed climate-related disclosure rule and/or the European Union’s Corporate Sustainability Reporting Directive (CSRD).
For nearly half (45 percent) the practitioners, both the CSRD and the proposed SEC rules will pertain to their business. About a third (34 percent) said only the SEC rules have relevance, while the remaining 21 percent said only the CSRD will apply.
By and large, companies made strides on their ESG journeys over the last 12 months.
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News and analysis for the well-informed compliance or audit exec.
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2024-05-10T19:20:00Z By Aaron Nicodemus
The Federal Reserve Board and six large American banks released the results of a pilot climate scenario analysis that explored how resilient the banks’ business models were to climate-related financial risks.
2024-02-27T20:34:00Z By Adrianne Appel
Environmental, social, and governance issues are increasingly material to investors, and the Securities and Exchange Commission is checking to ensure businesses’ ESG statements are above board, according to the agency’s enforcement director.
2024-02-15T14:47:00Z By Ruth Prickett
More than 320 organizations worldwide committed to disclosing their impact on nature following the recommendations of the Taskforce on Nature-Related Financial Disclosures.
2024-05-21T12:45:00Z By Ruth Prickett
A recent survey by surveillance technology firm SteelEye found most financial institutions do not monitor their employees’ use of social media or factor in market risks exacerbated by social media posts.
2024-05-14T12:00:00Z By Adrianne Appel
Large public companies say they are prepared to comply with the disclosure requirements of the SEC’s new cybersecurity incident rule, according to a survey conducted by Compliance Week and DLA Piper, but concerns exist that those reports could enhance the threat of future cyberattacks.
2024-05-06T09:45:00Z By Aaron Nicodemus
Few compliance teams describe their access to company data as “robust,” according to a new survey conducted by Compliance Week and NAVEX, while apprehension toward the adoption of artificial intelligence remains a hurdle for the profession to clear.
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