ESG Regulations: What are the changes from a legal perspective?

There are many legislative changes now facing companies with regard to sustainability and social justice. Whether it is the EU taxonomy, CSRD, the TCFD initiative, or the German Lieferkettensorgfaltspflichtengesetz (Supply Chain Due Diligence Law), etc. – those who are caught unprepared risk not only their long-term competitiveness but also face the associated penalties.

Although some of the legal provisions do not apply immediately, there is a need to act quickly. Preparing for the mandatory changes that are coming will take some time. On the following pages, you’ll find our concrete solutions addressing key areas of the ESG regulations as well as the appropriate contact persons to assist you.

ESG and forensics: Take preventive action, be transparent when investigating suspect cases

Complex ESG regulations such as the EU taxonomy or the Corporate Sustainability Reporting Directive (CSRD) require companies to disclose their sustainability data and, in some cases, create new internal structures. Failure to comply with ESG regulations can result in serious consequences from reputational damage to economic losses to prison sentences and fines. The more complex these ESG regulations become, the greater the risk that a company may violate them.

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