Compliance

As we enter an age of stakeholder capitalism, it’s not enough just to be aware of ESG or consider them a ‘nice to do.’ Sponsored eBook ESG: New Kid on the Block or Part of the ERM Family? What’s in this eBook from Protecht: Environment, social and governance — ESG — is being talked about everywhere. It is the latest...

An analysis of annual reports from the UK’s biggest companies reveals that almost all of them — 90% — will only work with suppliers who share their ESG credentials, while another 3% are integrating those requirements this year. The analysis by OneStream, a corporate performance management platform, found that ahead of new sustainability reporting requirements set to come online in...

More than half of American employees are using generative AI tools at least occasionally to accomplish work-related tasks, according to a new survey by The Conference Board that found while a majority of workers are using these tools, few of their employers have mature organizational AI policies. The Conference Board survey of nearly 1,100 U.S. workers, predominantly office workers, found...

Regulators and auditors are already using AI for large-scale data analysis, but since most information relevant to investigations is unstructured, current tools and processes are lacking. But AI expert Johannes “Jan” Scholtes says that just as compliance teams and regulators adopted eDiscovery for dealing with large data sets, so, too, can the principles of AI and machine learning be leveraged...

Despite the flurry of real and rhetorical backlash against ESG reporting in the United States, many U.S. companies will not be able to escape stringent sustainability reporting requirements emanating from the EU. And the time to gear up for compliance is short, writes Lukas Tunikaitis, sustainability consultant in UL Solutions’ ESG advisory and assurance practice. The need to comply with...

The EU’s updated Corporate Sustainability Reporting Directive (CSRD) went into effect this year, and the first wave of companies covered by the order will be due to report in their 2025 annual reports for the 2024 fiscal year. Jim Leason of Agiloft and Ossian Nilsson of EY offer a path to paving the way for smooth CSRD reporting: contract lifecycle...

The EPA is expected to announce reporting requirements regarding PFAS, commonly referred to as “forever chemicals.” While manufacturers and suppliers are eagerly awaiting those requirements, they may need to look a little closer to home for PFAS rules, as many states already have laws in place. Assent’s Cally Edgren breaks down the state-level rules. This fall, the EPA is expected...

Illicit wildlife trafficking is on the rise; what does it have to do with financial crime? Analysis Moody’s KYC Report on Proliferation of Wildlife Trafficking What’s in this report from Moody's Analytics: Wildlife trafficking or illegal wildlife trade (IWT) is defined as the illicit trade of protected animals or animal parts, including procurement, transport and distribution — and money laundering...

Almost all businesses have seen supply chain disruptions over the past year, and new research finds that as a result, many are pulling back on ESG-related initiatives like labor standards and supply chain sustainability. The research from cloud management provider Ivalua and Sapio Research shows that 90% of businesses have seen their supply chains disrupted by inflationary pressure and about...

Conventional wisdom in the West suggests that labor and ethical standards are problems — just not here. But as LRQA’s JP Stevenson explores data that says this simply is not the case. While many global companies are coming to grips with environmental monitoring and reporting, LRQA’s latest bi-annual supply chain ESG risk ratings report suggests that economic and geopolitical turbulence...

With signs that money laundering is on the rise globally, many companies will point to their AML programs and assume they are covered. CreditSafe’s Matthew Debbage explains why that may not be the case for everyone. Research shows that about $300 billion is laundered in the U.S. each year, with AML compliance costing U.S. companies up to $25.3 billion per...

A new report card is out on how company websites provide digital accessibility for people with disabilities — and the results aren’t great. The analysis by AudioEye, which was informed by scans of more than 2 million web pages across 40,000 enterprise and upper-mid market domains, revealed that the average page has 37 elements that fail one of the measures...