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The Senate Finance Committee is investigating eight major automakers after a report linked their supply chains to the use of Uyghur forced labor in Xinjiang, China.
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.
In the over five months since the Uyghur Forced Labor Prevention Act ("UFLPA") entered into force, companies have grappled with how to assess and mitigate compliance risks. Lack of...