Michael Littenberg and Sam Elliot examine the main developments and ponder what to expect going forward.
Uyghur Forced Labor Prevention Act
The ban will be applicable from December 14, 2027 and will apply directly to all companies operating in the EU across the whole supply chain.
The only certainty is that 2025 will be another evolving – and challenging – year for ESG compliance.
We spoke about how the UFLPA has greatly changed the scope of due diligence importing businesses were doing before.
The US widened sanctions against Russia, targeting financial services over indirect support of the war in Ukraine.
Issuance of updated advisory statement on supply chains linked to Xinjiang showcases the continuing rift between the two countries.