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06 February 2024 / Quick Take
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Copy LinkRegulations, both domestic and international, pose a significant challenge for companies in 2024, ranking second only to inflation as high impact issues on the radar of chief legal officers and ESG executives, according to our C-Suite Outlook 2024. While CEOs and directors place domestic regulations in their top 10 concerns, international regulations, such as the EU Corporate Sustainability Reporting Directive (CSRD), barely register.
US CEOs and board members should not underestimate the impact of international and domestic regulations on their organizations. For example, approximately 3,000 US companies with significant operations in the EU will be subject to the CSRD, which requires companies to assess the impact on the company and of the company in 10 ESG areas across their value chain. In addition to California’s new climate disclosure requirements, the SEC adopted a cybersecurity disclosure rule that went into effect in December and has announced it will soon adopt or propose new disclosure rules on topics such as climate change,
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