Crowe "Your ESG Updates are Here- April Edition"

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The SEC’s final climate-related disclosure rules are here 

  
Our specialists cover the Securities and Exchange Commission’s (SEC’s) final climate-related disclosure rules in detail, breaking down key points, changes, and potential next steps. 
  
Download the report
  
Regulatory and governance updates 
Conflict minerals filing deadline is approaching 
Many organizations are in the middle of preparing for the conflict minerals deadline on May 31. Our environmental, social, and governance (ESG) team created a checklist that can help. 
Get the checklist

SEC issues stay on final climate disclosure rules
Responding to litigation challenging the final rules, the SEC issued its own stay, requesting that all litigation be consolidated in a single court. 
Read the SEC’s order

EPA AIM Act audits are due soon
The Environmental Protection Agency (EPA) released guidance on the auditing requirement of its phasedown of hydrofluorocarbons under the American Innovation and Manufacturing Act of 2020 (AIM Act). First audits are due by May 31. 
Explore the guidance

German Supply Chain Act expands scope for 2024
Starting on Jan. 1, the reach of the German Supply Chain Act widened to include companies with 1,000 or more employees. Our ESG team pulled together answers to some FAQ about the act. 
See the FAQ

ILO releases new study on forced labor
An International Labor Organization (ILO) study found that illegal profits from forced labor rose 37% since 2014. The study also noted that forced labor generates about $236 billion in illegal profits per year and that 27.6 million people are engaged in forced labor worldwide. 
Read the report

European Union Council reaches agreement on CSDDD
The Corporate Sustainability Due Diligence Directive (CSDDD) would require in-scope companies to conduct due diligence that assesses environmental and human rights issues across their value chain. The revised text raised thresholds for minimum turnover and employees. 
Access the final text
  
In case you missed it 
Webinar | The new SEC climate rules: What you need to know

Article | The wait is over: SEC issues final climate-related disclosure rules

Article | ESG checklist for your IPO
  
Upcoming events 
May 8 and May 22: Join our roundtables for technology, media, entertainment, and life sciences executives when we’ll discuss ESG, data privacy, and cybersecurity. Sign up for sessions on May 8 in Chicago or on May 22 in San Francisco

May 14: Chris McClure will speak on ESG disclosure assurance during the virtual 2024 Practical ESG Event Series
  
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. 

  
Chris McClure 
  
Partner, ESG Services Leader 
[email protected]
  

  
Daniela Arias 
  
Consulting 
[email protected]

  
Rebecca Miller 
  
Consulting 
[email protected]
  

  
Animesh Shah 
  
Consulting 
[email protected]
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