Ethical Alliance Newsletter


ethiXbase Insights

Blog: Creating value through ESG sustainability reporting

Companies today are facing an increasing demand for transparency on socially responsible and sustainable business practices. They are answerable to their numerous stakeholders, such as consumers, workers, investors and non-governmental organisations (NGOs) that want to assess an organisation’s impact on the world. Environmental, Social and Governance (ESG) sustainability reporting can offer valuable insights and help generate long-term value for stakeholders.

Blog: Germany Due Diligence Act FAQ: All Your Questions Answered

The German Due Diligence Act, also known as the Lieferkettensorgfaltspflichtengesetz, was adopted by the Bundestag in June 2021 and comes into force from 1 January 2023. The new legislation requires major businesses in Germany to carry out an internal analysis of their operations, introduce preventative measures, and establish an effective complaints mechanism to combat modern slavery risks in their global supply chains.

Webinar: Anti-Bribery and Corruption Sentiment on a Global Scale

In 2020, Transparency International received more than 1,500 reports of corruption related to COVID-19 from citizens witnessing wrongdoing in a number of areas, including the delivery of humanitarian aid, the enforcement of restrictions on travel and movement, and in the provision of COVID-19 testing and treatment. According to data from SIGWATCH, activist groups have also been making their voices heard.

     

Editor’s Selection

Europe: EU prepares Russian oil sanctions, warns against rouble gas payments

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow’s proposed scheme to receive gas payments in roubles would breach existing EU sanctions.

No longer considered “nice to have,” environmental, social and governance (ESG) initiatives are fast-becoming essential to long-term business strategy and growth. These initiatives not only strive to create corporate transparency while aligning businesses with what’s best for the planet and people, but they also drive brand affinity and consumer trust.

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United Kingdom: NatWest, Gold Bars and Bags of Cash at Heart of Laundering Suit

NatWest Group was banking laundered street cash for an English gold dealer in sums equivalent to the takings of a Premier League football stadium on match day as part of a “sophisticated” money laundering operation.

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An expanded UK sanctions regime that took effect last year and is intended to tackle global corruption and illicit money entering Britain from overseas is proving ineffective, according to campaigners.

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This email goes out to more than 25,000 compliance and legal professionals on a routine basis.Interested in featuring in our newsletter?Contact us at marketing@ethixbase.com

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