Key regulatory developments

“The European Union (EU) has taken the lead in formalizing new compliance obligations driving responsible business, largely as part of its Green New Deal. New EU regulations have an outsized impact and extra-jurisdictional reach, altering both the due diligence and reporting obligations of EU firms and many of those that market products and services in, or seek access to, the EU market. Other jurisdictions (including the US) are following suit in their own ways by expanding due diligence and transparency obligations of covered business enterprises.”