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ERM, the Export-Import Bank of Korea, and Yulchon Law Firm will jointly host a seminar on environmental and social considerations for Korean companies’ outbound investments. This seminar will provide information on the regulatory environment of overseas supply chains and environmental and social considerations when conducting business to expanding overseas to secure global supply chains, so please feel free to forward this seminar to those who are interested in such work. We look forward to your interest and participation. #erm #ermkorea #sustainability #sustainablesupplychain

Ship recycling again: an important intervention by BIMCO today, which has submitted a paper to the International Maritime Organization, calling for an enhancement in legal certainty for owners of end of life ships, in view of the potential for both the incoming Hong Kong Convention and the long-established Basel Convention to apply. As almost the whole world (with the notable exception of the USA) is a signatory to Basel and fewer than 25 states have currently signed up to the HKC, it is fair to wonder what the IMO can do about this, and whether it might be (more?) sensible to focus on the Basel Conference of Parties, due to meet a few weeks before the HKC comes into force in mid-2025. For more on the detail of the overlap between the Conventions, see my article in Lloyd's Shipping & Trade Law, Vol. 23, Issue 8 (October 2023). #maritime #shiprecycling https://lnkd.in/eMVne6xP

The requirements for companies to fulfil their environmental and social due diligence obligations are increasing. From 1 January 2024, the German Supply Chain Due Diligence Act (LKSG) will require even more companies to analyze and manage environmental and social risks in their supply chain. Join our free webinar to learn about our brand-new tool for the effective and cost-efficient implementation of the LKSG. Register here 👉 https://bit.ly/4bzz2bA #SupplyChain #LKSG #SupplyChainDueDiligenceAct

In the latest edition of our defense briefing series, we highlight new ESG obligations affecting the defense and security industry. The German Supply Chain Due Diligence Act (LkSG) now includes companies with over 1,000 employees. EU regulations like the Supply Chain Directive (CSDDD) and Carbon Border Adjustment Mechanism (CBAM) are adding stricter requirements. Additionally, the EU's deforestation-free products regulation (EUDR) and Critical Raw Materials Act (CRMA) are being implemented. Companies must adapt their compliance strategies to meet these new standards and ensure transparency and sustainability.   👉 Discover more in our detailed briefing linked in the comments below. #ESG #DefenseIndustry #EuropeanLaw #GermanLaw #LkSG #CRMA

Between a proposal and a law - there are only 854 days! Last week, the Corporate Sustainability Due Diligence Directive (#CSDDD) was officially published in the EU's Official Journal. This is a significant milestone in ensuring corporate accountability for human rights and environmental impacts. But what does it actually mean? 🧐 The CSDDD will come into force 2️⃣0️⃣ days after publication (or 16 days from today), marking a crucial turning point for EU supply chain legislation. EU countries have 2️⃣ years to integrate it into their national laws. 📆 Companies will be required to comply starting in Q3 2027, with a phased implementation based on company size. For more information on how to navigate the new requirements and ensure compliance, request our guide or subscribe to our newsletter - link in the comments below 👇 #metals #mining #Sirius #sustainability

I had the privilege to have a very Insightful meeting at the US Department of Commerce - Office of Materials Industries as part of the international delegation during AMPP Advocacy Day. The meeting generated great conversations between the delegation members and the DOC International Specialists about the benefits of Quality Standards in the global industry and its contribution to assets integrity public safety, environmental protection and Sustainability. Other topics of interest as workforce development, supply chain, and emerging technologies were discussed at a high level to address main challenges and look for common grounds with AMPP to support emerging markets. Great insights and follow up actions were addressed to contribute to the joint global mission of building a sustainable planet. #corrosioncontrol #Advocacy #sustainability #assetsintegrity #emergingmarkets #ampp

Day 2 with the Responsible Business Alliance conference in Berlin, the focus is on collaboration in raw materials due diligence. The first keynotes of the day were Ministers Svenja Schulze and Hubertus Heil with a focus on the much discussed Due Diligence Directive and the German Supply Chain Act. The European Due Diligence Directive has received a lot of attention lately due to its concessions. It was refreshing to hear some dedicated voices bring passion back to the debate, supplemented with the voice from a representative from Industrial Workers Federation of Myanmar.   Key points paraphrased: 🚸 We still live in a world where children work in cobalt mines, and workers stand barefeet in chemical sludge. Decent companies that care about the conditions in their supply chains should not be at a disadvantage: the due diligence law will help level the playing field. 💰 For free trade to be fair, it must be sustainable. 👨🔧 Most violations may happen in the indirect supply chain; how will the new law impact these situations?   Thank you, Responsible Business Alliance for organising such an event with so much food for thought! #sustainability #humanrights #duediligence

#News #Update Dark Waters: V.Group Cuts Ties with 30 Tankers Entering Sanctioned Trade A major shakeup is happening in the shipping industry, raising concerns about environmental and safety risks. U.K.-based ship manager V.Group has ceased handling 30 tankers after they were sold to companies that failed to meet its compliance standards. These vessels are likely destined for the 'dark fleet,' a term for ships operating outside of international regulations. Key Points: V.Group Exits: V.Group CEO Rene Kofod-Olsen stated these tankers were "lost... to the dark fleet" as the new owners did not pass their compliance checks. Sanctioned Trade Concerns: These vessels are suspected of being used to transport oil from sanctioned countries like Russia, Iran, and Venezuela. Environmental and Safety Risks: Dark fleet operations often prioritize profit over safety and environmental regulations, raising concerns about potential spills, accidents, and pollution. Impact on the Industry: Highlighting Compliance Issues: V.Group's decision underscores the ongoing struggle to ensure all vessels adhere to international safety and environmental standards. Potential for Increased Scrutiny: This incident may prompt stricter regulations and enforcement mechanisms to combat dark fleet activities. Aging Fleet Concerns: Kofod-Olsen warned that many of these tankers are aging, further amplifying safety and environmental risks. Looking Ahead: V.Group's move is a significant development in the shipping industry. It emphasizes the need for stricter regulations and enforcement to ensure safe and sustainable maritime practices. As the situation unfolds, it will be crucial to monitor the impact on dark fleet activity and potential changes in regulatory frameworks. #DarkFleet #ShippingIndustry #VGroup #Sanctions #OilTrade #Environment #Safety #Regulation #Compliance

Good post by Adam Williams. The question now is how do we ensure a more rigorous and robust method of determining what an Indigenous Business is. I think we need a scale rather than a one shoe fits all approach. we also need transparency... maybe I'm asking too much? Supply Nation National Indigenous Australians Agency National Indigenous Times #leadership #change #Indigenousbusiness

The Chevron Doctrine's demise is shaking up the regulatory world for retailers. Which of these agencies do you think will see the biggest impact on their rules and enforcement practices? 🤔 Share your thoughts and read our article for a deeper look at the implications. https://hubs.ly/Q02FhhbJ0 #ChevronDoctrine #Retail #SupplyChain