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December 2023

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In EUROPEAN UNION

Corporate sustainability due diligence: The European Council and the European Parliament have finally reached a provisional agreement with the aim to protect the environment and human rights

by and 4 Mins Read

On 14 December 2023, the European Council[1] and the European Parliament[2] announced that they have reached a provisional agreement on the new Corporate Sustainability Due Diligence Directive (“CSDDD”), which sets out obligations for companies to mitigate their negative impact on human rights and the environment, around issues such as child labor, slavery, labor exploitation, biodiversity loss, pollution and environmental degradation. This provisional agreement marks a significant milestone in the legislative process of introducing the CSDDD…

In Compliance

Public Safety Canada Issues Guidance on Canada’s New Supply Chain Transparency Legislation

by , and 1 Min Read

On December 20, 2023, Public Safety Canada launched its online filing portal and issued guidance with respect to the novel annual supply chain transparency reporting requirement pursuant to the Fighting against Forced Labour and Child Labour in Supply Chains Act (the Act), which comes into force on January 1, 2024 (Guidance). The Guidance provides information on the format and filing process for the annual report, the substance of the annual report and the interpretation of the Act. The first reports are due…

In SUPPLY CHAIN

UK publishes further details of Forest Risk Commodities regime

by , and 3 Mins Read

On 9 December 2023, the UK Government published further details regarding its Forest Risk Commodities (FRC) regime, introduced through the Environment Act 2021. The FRC regime aims to tackle deforestation by making it illegal for larger businesses operating in the UK to use key forest risk commodities produced on land illegally occupied or used, with in-scope businesses required to undertake due diligence and report on this exercise annually. Secondary legislation to implement these requirements in…

In Enforcement

US: Export Controls Enforcement in 2024: A Fireside Chat with U.S. Assistant Secretary Matthew S. Axelrod

by 2 Mins Read

Please join Baker McKenzie and ICPA for a fireside chat with Assistant Secretary Axelrod (U.S. Department of Commerce’s Bureau of Industry and Security) where he will share his insights on what to expect in the year ahead for export enforcement. Assistant Secretary Axelrod will provide his perspectives on Bureau of Industry and Security priorities and the multilateral enforcement framework that is emerging globally. At a time when export enforcement priorities are changing rapidly following Russia’s invasion of Ukraine…