ESG Corporate Compliance Update: 29th November 2024

This blog was originally posted on 29th November, 2024. Further regulatory developments may have occurred after publication. To keep up-to-date with the latest compliance news, sign up to our newsletter.

179 ESG Regulatory Changes in the Past Month!

With ESG regulations continuing to grow and evolve, there has been 170 regulatory changes* in the past month alone!

In our ESG Corporate Compliance Updates, we bring you the latest regulatory developments from the world of ESG to help you stay ahead of the regulatory avalanche. For a comprehensive deep dive into global ESG regulations and upcoming dates, you can also check out our guide ‘ESG Regulations: Your Guide To Key Upcoming Dates‘.

Below we list just some of the regulation changes impacting businesses in the last month. If you want expert insights all proposed and enforced regulations, start a conversation now.

*Note: The regulatory changes captured in C2P include regulations being proposed, approved, coming into force, date alerts, additional support materials and any other changes to regulations & standards that compliance teams need to be aware of to be proactive about their compliance status.

Anti-Bribery and Anti-Corruption

Denmark: Proposal for a Law Amending the Annual Accounts Act and Various other Laws, November 2024.

Colombia: Regulating the Commerce, Industry and Tourism Sectors, Decree No. 1074/2015 – Proposed Amendment (on criteria for determining legal entities which are subject to the supervision of the Superintendency of
Companies) Draft Decree, October 2024. C2P Approval Probability: >99%.

ESG Reporting

EU: Transparency and Integrity of Environmental, Social and Governance (ESG) Rating Activities, Regulation, November 2024.

Finland: Accounting Act, 1336/1997 – Amendment – (on implementing Directive (EU) 2023/2775, sustainability reporting of subsidiaries, etc) Act, 605/2024.

Climate Disclosures

Australia: Sustainability Reporting, Draft Guidance Document, November 2024.

Sustainable Resource Use

Sweden: Supplementing Regulation (EU) No. 2023/1542 on Batteries and Waste Batteries, Memorandum, November 2024. C2P Approval Probability: >99%.

Labor & Employment

Brazil: Protection Against Arbitrary Dismissal Due to Sexual Harassment Complaints in Employment Relations, Bill No. 163/2024. C2P Approval Probability: 36%.

Mexico: Reduction of the Working Week to 40 hours, Draft Decree, November 2024.

Supply Chain Due Diligence

Germany: Implementation of Regulation (EU) 2023/1115 on Raw Materials and Products Associated with Deforestation, Draft Law, October 2024.

EU: Prohibiting Products Made with Forced Labour on the Union Market, Regulation, November 2024.

Human Trafficking and Slavery

Canada: Forced Labour Reporting, Guidance for Entities, November 2024.

Human Rights – Affected Communities

Netherlands: International Corporate Responsibility, Draft Act, November 2024. C2P Approval Probability: >99%.

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