On 26 February 2025, the European Commission (“Commission”) published its “Omnibus I” or “Sustainability Omnibus” package as part of its mission to improve the competitiveness of the European Union. The Omnibus Package foresees changes to several EU instruments pertaining to sustainability reporting under the Corporate Sustainability Reporting Directive (“CSRD”) and Taxonomy Regulation, sustainability
Johannes Weichbrodt
Global Climate Change Disclosure Initiatives and Board Corporate Governance Considerations
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this year from numerous governmental authorities and non-governmental organizations. This Mayer Brown white paper offers a thumbnail sketch of key features and differences of a dozen authorities, followed by considerations for boards concerning…
Greenwashing: Navigating the Risk
By Peter Pears, Tim Baines, Sam Eastwood, Airlie Goodman, Musonda Kapotwe, James Taylor, Pavlina Chopova-Leprêtre, Patrick Scholl, Johannes Weichbrodt, Marcel Hörauf, Luisa-Sophie Dany, Teresa Gerhold, Henninger Bullock, David Carpenter, J. Paul Forrester, Mark G. Hanchet, Christopher B. Leach, Anna T. Pinedo, Luiz Gustavo Bezerra, Angie N. K. Chan, Francis K. W. Chen, Thomas Kollar, Alan Linning, Dion K. Y. Yu, Wei Na Sim & Oliver Williams on
The risk of an accusation of “greenwashing” is now an important concern for many companies. Greenwashing is an ill-defined concept but, nevertheless, is increasingly a source of litigation and regulatory scrutiny – with more of both expected. It carries with it reputational, regulatory and litigation risks for which companies should be prepared. Whilst the risks…
EU Corporate Sustainability Reporting Directive – new sustainability disclosure obligations for EU and non-EU companies
On 10 November 2022, the EU Parliament adopted the Corporate Sustainability Reporting Directive (“CSRD”). The EU Council is expected to adopt the CSRD on 28 November 2022, after which it will be published in the Official Journal. The CSRD will then enter into force 20 days after publication and EU member states will have 18…