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The EU's Increasing ESG Regulation and its Implications for Business | Quinn Emanuel Urquhart & Sullivan, LLP


The European Union (
ESG) measures.
Two areas of development in particular are likely to have widespread repercussions for businesses: newly implemented obligations for ESG disclosures and likely forthcoming mandatory human rights, environmental and governance due diligence. These measures involve both new obligations of disclosure as well as, potentially, substantive obligations to address ESG issues connected to companies’ businesses. Their implementation is likely to have significant effects for both companies domiciled in the EU as well as companies operating within the EU. Importantly, as well as compliance concerns, businesses will need to consider the attendant legal risks of publicly sharing human rights and environmental risks in their business operations and supply chain more widely. ....

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Human Rights and Environmental Due Diligence as a Standard of Care - Business & Human Rights Resource Centre


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Photo by Jason Goh/Pixabay
Lise Smit and Claire Bright discuss the key findings of a study conducted for the EU Commission, including the need to go beyond a “tick-box” approach and for regulation to provide for access to remedy.
On 29th April 2020, European Commissioner for Justice Didier Reynders presented a study conducted for DG Justice and Consumers on due diligence requirements through the supply chain, which surveyed over 630 stakeholders across Europe (“the study”). Based on the findings of the study, he announced that the European Commission would put forward a legislative initiative on mandatory human rights and environmental due diligence as part of the EU s COVID-19 recovery package. As we approach the legislative consultation, it is helpful to draw out a few key findings of this st ....

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Allen & Overy publishes eighth edition of The Business and Human Rights Review - Business & Human Rights Resource Centre


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Allen & Overy publishes eighth edition of The Business and Human Rights Review , 10 December 2020.
.This edition of the Review begins with an interview with Fiona Reynolds, CEO of the Principles for Responsible Investment, who discusses the benefits of impact investing and the growing momentum towards responsible investment witnessed during the pandemic. 
Investors are not alone in this endeavour. There are regulatory efforts to develop human rights due diligence requirements in many countries, as well as on an inter-state level. Notably, the European Commission is due to introduce legislation in 2021 which will require all businesses in the European Union to undertake mandatory human rights and environmental due diligence. Sarah Morreau of Allen & Overy provides an analysis of recent regulatory developme ....

United Kingdom , Robert Mccorquodale , Serena Tommasino , Marija Manojlovic , John Roberti , Sarah Morreau , Alise Smit , Simon Chesterman , Silvia Possenti , Fiona Reynolds , International Labour Organization , University Of Nottingham , European Commission , Global Partnership To End Violence Against Children , Allen Overy , National University Of Singapore , European Union , Brick Court Chambers , British Institute Of International , Human Rights , Responsible Investment , British Institute , Comparative Law , Puja Patel , Trang Ho Morton , Global Partnership ,