Crowe "January ESG Updates"

 
Regulatory and governance updates 

SEC’s pay-versus-performance disclosure requirements
Registrants must begin to comply with the new disclosure requirements in proxy and information statements for fiscal years ending on or after Dec. 16, 2022.
Learn more about the requirements

FTC Green Guides updates
The Federal Trade Commission (FTC) is seeking public comment as it updates its “Guides for the Use of Environmental Marketing Claims” (Green Guides), which are meant to help organizations avoid making deceptive or unfair claims in environmental marketing. 
Explore the issues

National Human Trafficking Prevention Month
The Biden administration declared January 2023 National Human Trafficking Prevention Month and reaffirmed its commitment to achieving the goals of the National Action Plan to Combat Human Trafficking. 
Read more about the plan

Forced labor in the automotive industry 
On Dec. 22, 2022, the Senate Finance Committee questioned eight automakers about reports that their supply chains use forced labor from China’s Xinjiang Uyghur Autonomous Region. 
See the committee’s questions

New York guidance on climate change financial risks 
The New York Department of Financial Services proposed new guidance for banks and mortgage organizations related to management of material financial risks from climate change.
Read more about the guidance

Germany’s Supply Chain Act 
Germany’s Act on Corporate Due Diligence Obligations in Supply Chains (Supply Chain Act), which places the responsibility onto companies for conditions in their supply chains, took effect Jan. 1, 2023. 
Learn more about the new regulation

EU internal deal to tax carbon
The European Union (EU) struck a deal to impose a carbon tax on imports of polluting goods such as steel and cement, aiming to support European industries as they decarbonize. 
Find out more about the deal

EU agreement on sustainable batteries
An agreement was reached in the EU to make the life cycle of batteries more sustainable, which will apply to all companies that place batteries on the EU market.
Read more about the agreement

  
  
Assess climate risk for your business 
  
The final SEC climate rule is coming. Find out how to assess climate risk for your business with this six-step process. 
  
See the steps
  
In case you missed it 
Energy tax credits mean cash for exempt organizations 

ESG issues on the horizon for corporate tax departments in 2023 

The role of ESG in private equity 
  
Upcoming events 
  
Feb. 7: Our ESG specialists will cover how ESG initiatives can affect your financial services organization in an upcoming webinar, “Navigating Emerging Regulatory and Risk Management Issues: Look Into the Future of ESG.”
  
Feb 13-16: Join us for Crowe Expertise Week, a four-day series of one-hour, private equity-focused webinars, offering the latest information on the most important topics for private equity groups and portfolio companies. 
  
Looking for more information on ESG? 
Check out our ESG resource center for the latest updates on regulations, best practices, and industry developments. 

Ready to take the next step on your ESG journey? Contact our team. 
Gregg Anderson
  
Gregg Anderson 
  
Managing Director 
[email protected] 
  
Daniela Arias
  
Daniela Arias 
  

[email protected] 
  
Rebecca Miller
  
Rebecca Miller 
  

[email protected] 
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