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ESG News Week In Review: 20 May – 26 May

ESG News Week In Review: 20 May – 26 May

ESG NEWS WEEK IN REVIEW 20 MAY - 26 MAY

Welcome back to the ESG News Week In Review!

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ESG NEWS SMART READ OF THE WEEK

Tim Mohin – EU Trade Rules: Shaping Global Sustainability

As the world’s largest trading bloc, the EU uses its considerablepurchasing power to meet its ambitious sustainability goals. In doing so, the EU’s new rules will reach well beyond its borders and will advance sustainability practices worldwide. 

Key Impact Points:

  1. Global Influence: The EU’s new trade rules aim to extend its sustainability standards worldwide, impacting non-EU companies doing business in Europe.
  2. Major Regulations: Key policies include the European Union Deforestation Regulations (EUDR), the Carbon Border Adjustment Mechanism (CBAM), and the Corporate Sustainability Due Diligence Directive (CS3D).
  3. Compliance Challenges: These regulations require companies to track and report sustainability metrics, leading to increased costs and penalties for non-compliance.
  4. Trade Implications: The EU’s approach could lead to broader adoption of sustainability practices but also sparks debates on protectionism and global trade dynamics.

Click here to view the full article


This Smart Read article is contributed by Tim Mohin, Global Sustainability Leader, BCG. Every week ESG News delivers smart commentary from ESG practitioners and experts to unpack issues of the week. Submit your ESG Smart Read to editor@esgnews.com


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Last Weeks Review: ESG News Week In Review: 06 May – 12 May

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