The sustainability regulatory landscape is rapidly evolving. Companies will need to develop or expand their compliance efforts in response to sustainability legislation. This should involve re-assessing their governance system to ensure this supports their sustainability priorities and provides effective oversight of risk management and decision-making.
Navigating new sustainability legislation is challenging but companies have existing expertise and processes they can leverage, including as part of their approach to anti-corruption and integrity. Designing, developing and implementing a new or updated sustainability programme is an opportunity to coordinate anti-corruption and sustainability measures, which are interconnected and mutually reinforcing areas of company practice.
This guide provides practical insights to help companies respond to evolving sustainability legislation by (1) setting up a system of oversight and management for priority sustainability topics (ESG governance) grounded on principles of accountability, integrity and transparency and (2) leveraging ethics & compliance, legal and sustainability expertise and processes to coordinate and strengthen corruption and sustainability risk management.
Our guidance and recommendations are informed by findings from interviews with over 45 ethics & compliance, legal, financial crime, risk and sustainability practitioners.