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Allen Campbell

Value Chain Sustainability Laws

The Dawning of a New Era: the European Union Corporate Sustainability Due Diligence Directive (CSDDD) Is About to Enter into Force

We‘ve always known this would be The Big One, and now it’s becoming reality. The CSDDD has passed the legislative hurdles. It now awaits only publication in the Official Journal of the European Union, 20 days after which it will enter into force. Member States will then have two years to transpose the Directive into national law and communicate the…
Allen Campbell
June 13, 2024
ESG/SustainabilityValue Chain Sustainability Laws

California Headed toward Implementaton of Its Climate Laws

Last year, California enacted two major pieces of climate legisation, SB 253 and SB 261 (See https://mcalan.com/momentous-california-climate-accountability-laws-await-governors-signature.)  However, in January Governor Newsome’s proposed 2024-2025 budget did not include funding for their enforcement. That led to consternation and questioning by many environmentalists of the Governor’s commitment to those laws and indeed to the cause of halting climate change.
Allen Campbell
May 16, 2024
ESG/Sustainability

EarthX 2024 Congress of Conferences, a Noteworthy Event

This week I attended the EarthX Congress of Conferences here in Dallas. It was well-organized, interesting and factual. I’m sure everyone appreciated the healthy blend of urgency and optimism. Topics included Clean Energy Choices, the Circular Economy, Partnerships for the United Nations Sustainable Development Goals (SDGs), Rotary Club initiatives, How Public and Private Partnerships Can Solve the Climate Crisis, Towards…
Allen Campbell
May 1, 2024
ESG/SustainabilityValue Chain Sustainability Laws

SEC Puts Its Own Climate-Related Disclosure Rules on Hold

SEC Puts Its Own Climate-Related Disclosure Rules on Hold By Allen Campbell, JD, MBA On March 6, 2024, the US Securities and Exchange Commission amended its controversial rules that will require registrants to provide climate-related information in their registration statements and annual reports (the “Final Rules”). But less than a month later, on Thursday, April 4, 2024, the SEC said…
Allen Campbell
April 10, 2024
ESG/SustainabilityValue Chain Sustainability Laws

The European Union Corporate Sustainability Due Diligence Directive (CSDDD) Approaches the Legislative Goal Line – or Does It?

CSDDD, the world’s most consequential piece of sustainability legislation, appears to be proceeding to enactment. This is happening even though the legislative process seemed to have stalled out in February, after being subjected to contentious lobbying. If enacted, it will be the pre-eminent example what I call Value Chain Sustainability, in that it will impose several ESG obligations, notably (i)…
Allen Campbell
March 28, 2024
ESG/Sustainability

SEC Adopts Final Climate Disclosure Rules

Last Wednesday, March 6th, the US Securities & Exchange Commission (SEC) released its final climate disclosure rules, formally known as The Enhancement and Standardization of Climate-Related Disclosures for Investors (the Final Rules). 886 pages long (!), they require publicly listed U.S. companies and certain foreign companies to disclose climate-related information in their registration statements and annual reports.
Allen Campbell
March 13, 2024
ESG/Sustainability

European Union Lawmakers Approve Nature Restoration Law

On Tuesday, February 28th, the European Parliament voted, by a narrow margin, to adopt the Nature Restoration Law. Enacted against a backdrop of concern that natural places have been degraded, the core concept of the law is that protecting remaining natural places will not be sufficient; also needed is large-scale restoration. The goal of the law is to rehabilitate at…
Allen Campbell
February 28, 2024
ESG/Sustainability

ESG Litigation Risk Is the Leading Litigation Risk in 2024

ESG started off as a choice. Grounded in the sentiments of Corporate Social Responsibility and Ethical Investing, ESG meant that you chose to act in accordance with your values and not merely for the sake of financial profits. Those days are long over.  Today many investors and customers expect or even require companies to “do ESG”. What had been “voluntary”…
Allen Campbell
January 31, 2024