News & Analysis as of October 19, 2024

Corporate Social Responsibility

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

European Commission Opens Infringement Procedures Regarding Sustainability Reporting Rules

Latham & Watkins LLP on 10/2/2024

The EU Corporate Sustainability Reporting Directive (CSRD, or the Directive) took effect beginning 2024 and requires mandatory sustainability reporting by a first set of companies in 2025. Under the terms of the CSRD, the...more

Lawn and Order: Major Steps Against Greenwashing in Europe

K&L Gates LLP on 8/5/2024

A new and powerful wave of “greenwashing” bans will sweep the European Union (EU) shortly. The EU’s Green Claims Directive and Greenwashing Directive (together, the Green Directives) are key legislative tools being introduced...more

Is the CSDDD Really Setting a Level Playing Field for Human Rights Due Diligence?

Paul Hastings LLP on 7/16/2024

With calm being restored after the frenzied effort in the EU to pass the Corporate Sustainability Due Diligence Directive (CSDDD), it may be time to evaluate the extent to which the law as adopted has met its original...more

The EU’s Corporate Sustainability Due Diligence Directive - Obligations for Companies

Latham & Watkins LLP on 7/15/2024

On 5 July 2024, the final text of the Corporate Sustainability Due Diligence Directive (CSDDD) was entered into the Official Journal of the EU. The CSDDD will enter force on 25 July 2024. This marks the final key step in the...more

EU Adopts Corporate Sustainability Due Diligence Directive

Latham & Watkins LLP on 7/9/2024

The CSDDD is set to impose mandatory human rights and environmental due diligence obligations for in-scope companies. On 5 July 2024, the Corporate Sustainability Due Diligence Directive (CSDDD) was published in the...more

Client Alert: The EU Regulation Banning Products Made with Forced Labour: Key Provisions to Note

Jenner & Block on 5/1/2024

On 23 April 2024, the European Parliament approved the much-anticipated regulation banning products made with forced labour from entering the EU market (the ‘Forced Labour Ban’). The approved text builds on the provisions of...more

Brussels Regulatory Brief: Winter 2023-2024

K&L Gates LLP on 2/13/2024

Antitrust and Competition - The European Court of Justice Held Rules Set by Sports Governing Bodies Must Comply With EU Competition Law - On 21 December 2023, the European Court of Justice (ECJ) held in a preliminary ruling...more

EU Corporate Sustainability Reporting Directive Redefines ESG Reporting

Latham & Watkins LLP on 7/26/2023

The European Union’s Corporate Sustainability Reporting Directive (CSRD), which entered into force in January 2023, marks a new era for ESG reporting across Europe (and globally). CSRD is the latest in a wave of new rules...more

OECD Updates Corporate Due Diligence Guidelines

Latham & Watkins LLP on 6/27/2023

The Guidelines build on current social, environmental, and technological issues facing businesses following the last update in 2011. The Organisation for Economic Co-operation and Development (OECD) released updated...more

Brussels Regulatory Brief: November 2022

K&L Gates LLP on 11/28/2022

ANTITRUST AND COMPETITION - European Commission Launches a Public Consultation on the Draft Revised Market Definition Notice - On 8 November 2022, the European Commission launched a public consultation aimed at gathering...more

The Emergence of a European Duty of Vigilance for Large Companies and Its Potential Impact at the National Level

Latham & Watkins LLP on 3/2/2022

On 23 February 2022, the European Commission adopted its much-anticipated proposal on corporate sustainability due diligence. By setting a standard, the future directive will not only help improve corporate sustainability,...more

European Courts Face a Rising Tide of Climate Litigation

Jones Day on 6/8/2021

European courts, both at the Union level and the Member State level, are continuously facing a rising tide of climate litigation cases, with different responses. At the European Union (EU) level, on March 25, 2021 the Court...more

Sustainable Finance Regulations, Rules, and Guidelines in the European Union and United States—Time to Get Prepared

Jones Day on 11/2/2018

Due to the increasing awareness of the importance of environmental, social, and governance ("ESG") initiatives, the European Commission came forward at the end of May 2018 with a proposal related to this topic. The proposal...more

Charting the Growth of Human Rights and Ethical Reporting in the EU

Pillsbury Winthrop Shaw Pittman LLP on 12/1/2017

Increasingly, businesses across Europe must report on a wide range of ethical and related matters in addition to publishing their financial results. Requirements for businesses to undertake non-financial reporting have...more

Five Key Points about the New European Union Conflict Minerals Agreement

Foley Hoag LLP - Global Business and Human... on 6/23/2016

On June 15, the European Union announced that it had reached a “political understanding” on many of the substantive components of a new conflict minerals regulation. The regulation, once drafted, will be submitted to the...more

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