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Are US Companies Ready for Sustainability Regulations?

New EU legislation projected to affect multinationals starting 2024

July 2023

The SEC recently delayed the release of its final rules on climate disclosure until later this year, meaning companies will have to wait a little longer to see what climate-risk information they will need to share with investors.

In the meantime, US companies should pay close attention to what’s happening in the European Union (EU), where regulations on sustainability, corporate responsibility and transparency are being implemented. They will apply to many non-EU companies that operate within its borders.

As these regulations come into force, it will be crucial for US companies to understand their scope and develop a comprehensive plan for preparing appropriate communications and compliance materials.

Here is a brief overview of some key EU regulations and their implications for businesses.

Navigating the EU’s regulatory landscape poses challenges for companies operating in the European market. US companies should pay close attention to regulatory compliance criteria, stay informed about updates, seek expert counsel, and plan the preparation of compliance and communications materials well in advance of deadlines.

Complying with these new EU regulations is not only a legal requirement but also an opportunity for US companies to demonstrate their commitment to responsible business practices and transparent communication with stakeholders. By doing so, they can build trust and establish themselves as leaders in the EU market and beyond.

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