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…
Tag Archives: business ethics
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…
Accusations of greenwashing – a term which refers to unsubstantiated, misleading, or incomplete assertions regarding a company’s environmental performance – have been on the rise in recent years, illustrated by a steep increase in greenwashing litigation and regulatory enforcement. In 2022 alone, 26 greenwashing cases were ruled in courts worldwide, with over 180 cases still…
A combination of forthcoming legislation, increasing investor demands and societal pressure means that a business’s value chain is coming under closer scrutiny. GoodCorporation’s latest Business Ethics Debate at the House of Lords sought to explore the approaches businesses are taking when conducting due diligence across their value chains. Hosted by Baroness Neville-Jones, the debate was…
What is a code of conduct and why is it important? A code of conduct is a publicly available, written document that sets out your organisation’s values, rules, standards and principles. Although mainly aimed at employees, an effective code of conduct should also guide your relations with suppliers, business partners, investors and contractors, embodying the…
Research from GoodCorporation revealed that there has been a fifty percent increase in the number of FTSE 100 companies updating their codes of conduct since the pandemic. Our latest 2023 House of Lords debate sought to investigate this rise, questioning why it has occurred, how changes have been implemented and whether other companies should be…
With the increase in emerging human rights legislation, notably the proposed EU Corporate Sustainability Due Diligence (CSDD) Directive which is likely to impact UK businesses with operations in Europe, the new Norwegian Transparency Act, the German Supply Chain Act and others, GoodCorporations’s first Business Ethics Debate of 2023 explored how companies should respond to emerging…
Bennett Freeman Associate Fellow of Chatham House shares his opening remarks at GoodCorporation’s Business Ethics Debate on ‘The changing pace of human rights legislation and what this means for business‘. It is an honor to be with Baroness Young of Hornsey, one of the great champions of social and racial justice in modern Britain as…
The start of 2023 has been overshadowed by significant economic fallout from the Ukraine war and the continuing impacts on supply-chains from China’s slow opening up, political concerns about China, the lingering impacts of Covid and, for us in the UK, Brexit. For ethics and compliance officers there is so much going on that it…
It is widely accepted that organisations have a duty to manage both their human rights and climate change impacts. This was reinforced when the United Nations Human Rights Council acknowledged the human right to a safe, clean, healthy and sustainable environment. To explore these issues in more detail, GoodCorporation consultant Lucie Bonpain, spoke to Anna…
