POSITIVELUXURYESGPOLICYGUIDEESGPOLICYGUIDETHEFUTUREOFSUSTAINABILITYLEGISLATIONFORLUXURYNOVEMRER20221IDDATEBPositiveBakerLuxuryMcKenzie
POSITIVELUXURYESGPOLICYGUIDECONTENTS357IntroductionLegislationRoadmap,FUGreenDealUKPlastic PackagingTaxPart2:Social10HumanRights andForcedLabourPart3:Governance22MandatoryDisclosureStrategy forFinancing TranstiontoaSustainableEconomyEUESGReportingEuropeanGreenBondsPart4:Greenwashing@CitationsAcknowledaementsPOSITIMFILXURYG20232
ESGPOLICYGLIDENRODOGONulatioorrect courseis have recognizedAlyssaAubergerChiefSustainabilityOfficer,s andBaker McKenziefuture generations.3
POSITIVELUXURYINTRODUCTIONESGPOLICYGUIDEing the success of the ESG Policis bulletin to reflect thefast-movEnvironmental, social, and governance (ESG) concernsleaislationthehave risen to the top oforder to helpbusiness agendas in almostmaterial and financial risksverv industrv around theworld, and in particular in theonsumer goods and retailndustrv. The ESG challengesand opportunities thatup in this imminent current.consumer goods companies areconfronted with span the entirevalue chain- from raw materialsourcing, manufacturing,and working conditions. to transportation, sales, marketing,and product circularity. Whilstthe ES r regulatorv compliancerequirements that lie ahead oresent significant challenges,consumer brands also havean unprecedented opportunityto shape a sustainable future.We are thrilled to collaborate with Positive Luxury on thisreport and provide insight intosome of the key policies and regulations impacting ESG.99Kurt Haegeman,Global Chair,ConsumerGood&RetailIndustryGroupBaker McKenziePOSITIMFILXURYG2023
POSITIVELUXURYESGPOLICYGUIDELECISLATIONROADMAPtransparent information on climate and other environmental, social and corporategovernance information.The ESG regulatory landscape is a rapidly evolving area that businesses need to stay ontop of. Below is an overview of some of the recent and proposed ESG regulations in keyjurisdictions.20212022UKEnvironmentActUKPlastic PackagingTaxUGreenDeal-Environmentarce on Climate-Related Financial Disclosure(TCFD)MandateEUBiodiversityStrategy2030EUProposed ForcedLabourRegulationly Determinedegislation Registration, Evaluation, AuthorisationGlasgowPactNetZero,US InflationReductionActUSUyghurForced LaborPreventionAcintability and BuidingReal InstitutionalChange(FABRIC)ActCaltonila-The Gamment WorkerProedtion Act,nmental Suite:ab 1279, ab 1757,SB 846SB905,SB1020,S854,S6-1020,s813372023UDeforestationRequlationEUGreenClaimsDirective(Proposal)Producer Responsibility Obligations (Packaging Waste) Regulations 2023ESG Ratings Regulation (Proposal)Water Management SBT(Science Based Targets,ValJation SBT Mandate(Predicion),Taskforce on Nature-related Financial Disclosures (TNFD)UTextile Labelling Requlation (ProposedRevisions)EUDirective onCommonRulesPromoting theRepairofGoods(Proposal),POSITIVELUXURY@20235
POSITIVELUXURYLEGISLATIONROADMAFESGPOLICYGUIDE20242025(SEC)Directive(CS3D) Coporate CimaleDisdosures(ExpecationyTCFDSWITZERLAND(Report WaterManagementSBT(ScenceBasedTarget)5orgments expectedoconnimneonceFLAG(Forest,Lan...
