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While the EU’s Corporate Sustainability Due Diligence Directive (CS3D) has received much-deserved attention from businesses, corporates should not overlook the important developments in anti-corruption regulation the Commission made during 2023 which will be pursued further this year. On May 3rd, 2023, the EU Commission presented a new proposal to combat corruption. This followed on from…
Author Archives: goodcorporation
On 14 December 2023, the European Parliament, Council (member states) and Commission reached a provisional deal on the EU Corporate Sustainability Due Diligence Directive (CS3D). The final draft will be published shortly and is expected to be adopted ahead of the European parliamentary elections in the Summer. Member States will then have two years to transpose the Directive into national…
On January 28, 2024, Transparency International, the world’s leading NGO in the fight against corruption, released its 2023 Corruption Perceptions Index (CPI). The CPI has been published annually since 1995. It provides an annual comparative snapshot of 180 countries based on perceived levels of public sector corruption, as determined by expert assessments and opinion surveys,…
In recent years, identifying and mitigating negative human rights and environmental risks and impacts has become an increasingly important priority for many organisations. While this has long been considered best practice, many of the regulatory requirements that have emerged have been open to interpretation. As a result, there has been considerable debate among environment and…
The continued prominence of ESG (Environmental, Social and Governance factors) is starting to drive material change inside many corporates. This is being influenced by a number of issues the most important of which are increasing investor pressure and increased regulatory demands on corporates to meet society’s environmental and social concerns. While we expect many developments…
Fraud is the most common offence in the UK, consisting of 41% of all reported crimes, with losses surpassing £2 billion in 2023. The Economic Crime and Corporate Transparency Act (ECCT) received parliamentary approval on 27 October, 2023. The act aims to crack down on fraud and fraudulent behaviour, specifically targeting large organisations, which are…
The COP28 (2023 United Nations Climate Change Conference) kicked off on Thursday 30 November for 2 weeks. It brings together the signatories of the United Nations Framework Convention on Climate Change, made up of 197 countries and the supranational European Union. The aim of this annual conference is for countries to agree on objectives and…
In recent years, discussions around Environmental, Social, and Governance (ESG) matters have gained prominence within organisations. Driven by a global push for sustainability and responsible business practices, the management of ESG-related issues has become increasingly intertwined with a business’s overall performance. From an environmental perspective, the urgency of the climate crisis has pushed ESG issues…
More and more companies are coming under pressure to show not just that they fully understand their environmental, social and governance (ESG) impacts, but that they have plans in place to mitigate them. For any business wishing to respond to that pressure – which comes from employees, customers, suppliers, shareholders and local communities, but in…
