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Many have viewed corporate commitments to ESG as largely performative measures amidst toothless compliance frameworks.1 But this has been changing and we expect that change to continue.
The United States and the European Union have or are proposing real enforcement mechanisms to protect against the sale of goods made using forced labor. Companies should expect increased scrutiny of their supply chains and prepare for government-initiated investigations.
Many have viewed corporate commitments to environmental, social, and governance (ESG) as largely performative measures amidst toothless compliance frameworks.
The recent spike in inflation has now caused a 6.2 percent rise in penalties for violations of the Occupational Safety and Health Act of 1970 and other labor laws.
On December 23, 2021, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act (the "Act"), which bars the importation into the United States of products...