The European Union has taken a significant step to combat global deforestation with Regulation (EU) 2023/1115, commonly known as the EU Deforestation Regulation (EUDR). This regulation aims to ensure that products placed on the EU market do not contribute to deforestation or forest degradation. Implementation Timeline of the EUDR Initially, Weiterlesen
Key Risk Indicators (KRIs) are key metrics that organizations use to alert to potential risks before they become real problems. KRIs serve as an early warning system that highlights risks in areas such as finance, compliance, operations and IT. They help companies identify, monitor and manage risks early. Below we Weiterlesen
According to the EU Directive, the Whistleblower Protection Act (HinSchG), also known as the Whistleblower Protection Act, will come into force in Germany on July 2, 2023. High time to take a look at the most important points of the new regulation. The central goal of the law is to Weiterlesen
Effective risk management has become essential not only for preserving value but also for capitalizing on opportunities. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has developed a comprehensive framework that meets these needs. What is COSO? Founded in 1985, COSO is a voluntary private organization dedicated to Weiterlesen
Sustainability reporting is no longer optional—it’s a critical component of corporate governance and transparency. With the release of IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) by the International Sustainability Standards Board (ISSB), businesses worldwide are set to adopt a new global framework Weiterlesen
Volkswagen (VW) is currently facing several major challenges that have put the company in a difficult position. From falling sales and poor electric vehicle (EV) performance to operational inefficiencies, the automaker’s problems are multifaceted. These issues have led to significant restructuring efforts, including potential plant closures and job cuts unprecedented Weiterlesen
One of the greatest and fundamental transformations in the perception of modern-day economy has been brought by ESG. The quintessence of ESG undeniably created a sense of prudence in ‘business-operation’, amongst companies, consumers, investors and other stakeholders in the world of economy while questioning strategies most companies have traditionally been opting for in order to be sustainable.
On December 7, 2022, the Swiss Financial Market Supervisory Authority (FINMA) published the completely revised Circular 2023/01 “Operational risks and resilience”. These new regulations came into force on January 1, 2024 and brought comprehensive changes and adjustments to the previous standards. The most important points of the new requirements are Weiterlesen
The world of Governance, Risk, and Compliance (GRC) is evolving rapidly – and 2025 is no exception. Companies face a multitude of challenges that can impact not only their efficiency but also their compliance and competitiveness. In this article, we explore the key trends and challenges GRC professionals will encounter Weiterlesen
In recent years, the topic of sustainability and responsibility in the supply chain has become increasingly important. Two key legal frameworks that affect companies in Europe are the German Supply Chain Due Diligence Act (LkSG) and the European Corporate Sustainability Due Diligence Directive (CSDDD). Both aim to strengthen human rights Weiterlesen