Cathrine Wolden’s Post

🔍 Six Key Takeaways from Our Recent Webinar: "Global ESG Compliance Developments for the Jewelry Industry" with Hogan Lovells 🔍 1. ESG compliance has become a critical consideration for global companies. 2. The ESG regulatory framework is rapidly evolving, with new legislation on supply chain due diligence and sustainability reporting in Europe being at the center of a remarkable shift from soft law to hard law provisions. 3. The German Supply Chain Due Diligence Act is leading the way in human rights and environmental supply chain due diligence, soon to be followed by the EU Corporate Sustainability Due Diligence Directive, the EU Deforestation Regulation, and the EU Forced Labor Import Ban Regulation. At the same time, the EU Corporate Sustainability Reporting Directive requires companies to report extensively on their sustainability strategy, targets, and progress which will lead to increased transparency in this field. 4. The importance of ESG compliance is not confined to the European Union. Non-EU companies with relatively low levels of turnover in the EU will have to report on their global operations. Jurisdictions like Canada and Australia are also enacting their own requirements, and ESG compliance is an important issue for consumers around the globe. 5. Companies that fail to address adverse ESG impacts in their supply chain/own operations or fail to comply with these due diligence and reporting obligations could face sanctions and fines, civil liability, seizure of products and significant reputational harm, class action litigation risk in the US and UK being a particular concern. 6. To ensure compliance with the constantly evolving ESG regulatory framework, companies should be aware of their ESG risks, implement an ESG strategy, and have up-to-date and holistic ESG compliance and risk management systems in place. JVC members, the full webinar is now available for replay in your JVC member portal. Dive deeper into these insights today! Not a JVC member yet? Don't miss out on exclusive access to valuable webinars and industry insights. Join today: https://lnkd.in/dtdTUWM #JewelryIndustry #Compliance #ESG #Webinar #IndustryInsights #ESG #Sustainability #GlobalCompliance #JVC #SustainableBusiness #CorporateResponsibility #BusinessEducation #EnvironmentalCompliance

🇪🇺 Today, July 25, marks a significant milestone as the Corporate Sustainability Due Diligence Directive (#CSDDD) officially comes into force! Published in the official journal of the EU, member states will have 2 years to transfer it into national law. In 3 years, the requirements will start applying to the first group of large companies. This landmark legislation requires companies to integrate human rights and environmental considerations into their operations and supply chains. What does the CSDDD mean for businesses? 🔎 Identify, prevent, and mitigate adverse impacts on human rights and the environment. 📊 Increase transparency and risk management throughout the supply chain. 👟 Lead by example and gain a competitive edge by prioritizing ethical practices. Wondering what this means for your business? 📞 Book a call with us, and we'll help you navigate these changes and stay compliant: https://lnkd.in/dCfeYRHi #Worldfavor #CorporateDueDiligence

Today we mark a milestone in the world of business and human rights! The long awaited day has come when the CSDDD enters into force. ✌ A LOT of hours have gone into drafting, discussing, negotiating, redrafting, and lobbying. By so many different actors. A LOT of hours will now need to go into planning, analyzing, drafting and implementing by Member States and companies. Worldfavor is here to facilitate your company's steps towards implementation, just give a call if you want to find out more how we can help you in regard to CSDDD requirements and your value chain. #supplychain #valuechain #csddd #humanrights #hrdd #hredd

At IntegrityNext, we stay ahead of ESG policy to deliver timely, efficient solutions. With #CSDDD's complexity, robust supply chain systems are essential. Our innovative SaaS and team of experts are here to help! #Sustainability #SupplyChainManagement #ESG

Are your supply chain contracts ready for the ESG revolution? 📢 Effective ESG clauses need clear standards, measurable metrics, and enforceable obligations. Key components include: ✅ Environmental standards (carbon footprint targets) ✅ Social obligations (labor practices, diversity) ✅ Governance requirements (anti-corruption, transparency) ✅ Regular reporting and third-party audits ✅ Cascading obligations for subcontractors ✅ Clear remedies for non-compliance The EU's Corporate Sustainability Due Diligence Directive and Germany's Supply Chain Act are making these clauses essential. Read the full article by Harald Sippel to learn how to make your ESG clauses truly effective: https://lnkd.in/eeW9wi_i #ContractNerds #SupplyChain #ESG #Sustainability #ContractLaw #BusinessLaw #InternationalTrade

🇪🇺 The Corporate Sustainability Due Diligence Directive (#CSDDD) has been officially published in the Official Journal of the EU and will come into force on July 25! Member States will then have 2 years to transpose it into national law and in 3 years the requirements start applying to the first group of large companies. This landmark legislation mandates companies to integrate human rights and environmental considerations into their operations and supply chains. What does the CSDDD mean for businesses? 🔎 Companies must identify, prevent, and mitigate adverse impacts on human rights and the environment. ⚡ Increased focus on transparency and risk management throughout the supply chain. 🌿 A chance to lead by example and gain a competitive edge by prioritizing ethical practices. Learn how our solutions can help you comply with the CSDDD requirements: https://lnkd.in/dY8eX9-Z #IntegrityNext #CSDDD #CorporateDueDiligence

🌍📜 Focus on the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) 📜🌍     The CSDDD, approved earlier this year by the EU, demands robust sustainability and human rights due diligence from businesses. It applies to large companies and will roll out from 2027-2029.     Key Highlights:     1. Target: EU companies with 1,000+ employees and non-EU firms generating €450M+ in the EU.  2. Impact: Companies must enhance due diligence across operations and supply chains.  3. SMEs: Will face increased scrutiny from larger clients and need to up their sustainability game.  4. Why It Matters: This directive sets high standards for corporate governance and aims to foster a more sustainable and ethical business environment.     🔗 Read more about the CSDDD and how it affects your business: https://lnkd.in/g6PNB4_S     #SustainableEU #CSDDDCompliance #CorporateSustainability #EUDirective #DueDiligenceMatters #EthicalBusiness #FutureOfGovernance #SupplyChainResponsibility #SustainableGrowth #BusinessWithPurpose #HLBInsights  

🌍 The CSDDD is Now Official: Elevating Corporate Responsibility! The Corporate Sustainability Due Diligence Directive (#CSDDD) has been published today in the Official Journal of the European Union. This landmark directive aims to foster sustainable and responsible business practices. Here’s what you need to know: 🔍 Scope and Timeline: ◾ July 26, 2027: EU companies with 5,000+ employees and a global net turnover of €1,500M+. ◾ July 26, 2028: EU companies with 3,000+ employees and a global net turnover of €900M+. ◾ July 26, 2029: EU companies with 1,000+ employees and a global net turnover of €450M+. ◾ Non-EU companies meeting the above criteria for their operations within the EU. 🏢 Obligations for Companies: 1. Policy Integration & Risk Management: > Integrate human rights and environmental due diligence into policies and systems. > Identify and assess actual or potential adverse impacts. 2. Impact Management: > Prevent, mitigate, and end adverse impacts. > Address and remediate consequences of adverse impacts. 3. Stakeholder Engagement: > Engage in meaningful consultations with stakeholders. > Maintain effective grievance mechanisms. 4. Monitoring & Reporting: > Monitor and assess the effectiveness of due diligence measures. > Publicly communicate on due diligence efforts. 🚨 Sanctions for Non-Compliance: > Financial penalties up to 5% of the company's global net turnover. > Public statements declaring non-compliance and detailing the violation if deadlines for corrective actions are not met. 📅 Next Steps: Member States have until July 26, 2026, to transpose the directive into national law. Do you want to link every aspect of your company's operations to its ESG goals, enabling your entire business to be geared towards both profitability and positive impact. Contact us: https://aplanet.org/demo/ #sustainability #corporateresponsibility #ESG #duediligence

💡 I recently came across an insightful PwC article on the EU's Corporate Sustainability and Due Diligence Directive (CSDDD), and I thought it was worth sharing. Once fully implemented, this directive will place a legal obligation on large companies (1,000+ employees, €450M+ turnover) operating in the EU to embed social and environmental considerations into every part of their operations, including corporate governance. Importantly, this requirement also extends across their entire value chain, impacting suppliers of all sizes. 🌍If you’re interested in the full article, you can find it here: https://lnkd.in/ess65z_B #ESG #sustainability #CSDDD #CSRD #SupplyChainSustainability #CorporateGovernance