Áine Clarke, Head of KnowTheChain and Investor Strategy at the Business & Human Rights Resource Centre, explains how investors can clean up supply chains. The information and communication technology (ICT) sector fuels modern economic growth, driving advancements in AI, 5G mobile connectivity, electric vehicles and renewable energy. Its innovation potential and perceived sustainability credentials have drawn ESG investors seeking strong…
EU Parliament Agrees to Delay Sustainability Reporting and Due Diligence Laws
Lawmakers in the European Parliament announced today an agreement to approve the European Commission’s ‘stop-the-clock’ directive, delaying the implementation of key sustainability reporting and due diligence regulations, including the CSRD and CSDDD. The agreement was supported by a large majority of MEPs in a 531 – 69 vote, despite a series of amendments submitted by far-left and right parties, which…
EU Companies Nearly Twice as Likely as U.S. to Link Executive Pay to ESG Goals: KPMG Report
More than 80% of large EU-based companies are now integrating sustainability considerations in the compensation packages for senior executives, nearly twice the rate of their U.S. counterparts, according to a new report released by professional services firm KPMG. The report also found that U.S. companies lag their global peers on tying sustainability factors in compensation to topics that are material…