Mandatory Reporting Of Social Responsibility Risks Now An International Trend

Corporate social responsibility (CSR) reporting embraces environmental, human rights and social risks. Mandatory reporting of these risks is taking hold worldwide, write Baker & McKenzie attorneys Daniel Goelzer, David Hackett, Marisa Martin and Jessica Wicha, but it’s most noteworthy in the European Union, India and China. Their article takes a close look at new laws and regulations in these three important venues. “The scope of the disclosures are often not entirely clear, but likely will gain greater certainty and expand in reach over the next several years,” they write. “What is clear is that the legal and reporting reality for global businesses is changing. Companies not only must achieve compliance with each particular law for its own operations and potentially its supply chain, but also must ensure consistency across jurisdictions and corporate affiliates.”