The EU Commission has proposed a directive that would reinforce the entitlement to equal pay for men and women for the same work, or work of equal value, including by giving employees the right to comparative pay information and by requiring gender pay gap reporting for employers with 250+ employees, amongst other measures. Some EU member states already have aspects of these rules, while others do not, meaning that the rules could be a significant additional compliance burden for some organisations. The rules, if adopted, would be unlikely to come into force before late 2024.
On 10 December 2020, the European Commission published its proposal for a new Sustainable Batteries Regulation (“Regulation”), as part of its wider strategy for a climate-neutral, resource-efficient EU economy. The draft legislative proposal aims to ensure that all batteries placed on the EU market are sustainable, circular and safe, by introducing specific requirements across different stages of the product life cycle as well as new CE marking requirements for batteries. It represents a sweeping overhaul of the existing regulatory framework for batteries in the EU, with potentially significant implications for manufacturers, producers, importers and distributors of batteries and products containing batteries.
Share Sustainable Finance as a trend and financing option has grown exponentially and shows no signs of slowing…
Corporates interested in the degree of regulatory oversight likely to operate in the UK post Brexit will be watching the ongoing review of the Human Rights Act 1998 (HRA) with interest. It may signal a dilution of the protections to individual rights contained in the HRA, including the commitments to observe rights in legislation and operation of public functions, as well as the ability to challenge failures to do so via the courts.
In brief Closing the Gap: The EU Pay Transparency Directive As more companies embrace inclusion and diversity as…
Closing the Gap: The EU Pay Transparency DirectiveÂ
As more companies embrace inclusion and diversity as a board level priority and take progressive steps to build a more inclusive workforce we are seeing an evolution in equal pay laws across the globe as  lawmakers respond to the need to close the diversity gap.
Most recently, the European Commission has proposed a directive aimed at requiring pay transparency, which, if passed, would affect each of its 27 member states. We outline the key proposals and their impact on European employers below and highlight additional recent global developments in equal pay.Â
The Securities and Exchange Commission (âSECâ) has taken a major step towards exercising its significant power to require companies to disclose greater information relating to ESG and climate impacts. On March 4, 2021, the SEC announced that it has formed a Task Force focusing on climate and ESG disclosure issues.…
On March 5, 2021, US Customs and Border Protection (âCBPâ) issued a new factsheet regarding how Withhold Release Orders (âWROsâ)…
In a recent article for Practical Law, Paula de Biase provides an overview of the national measures that have been taken in Spain relating to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
The Ministry of Industry and Trade of Vietnam (MOIT) recently released a new draft circular regarding the implementation of the pilot program for direct power purchase agreement (DPPA) mechanisms between renewable energy developers/power generation companies and private power buyers/consumers (“New Draft DPPA Circular”).1Â