18th Annual IBA Anti-Corruption Conference

14 Jun - 15 Jun 2022

Session information

Navigating the evolving ESG landscape: anti-corruption best practices as a North Star

Committee(s)

Anti-Corruption Committee (Lead)

Description

Environmental, social and governance (ESG) has transitioned from the realm of norms and principles-based voluntary models to spaces increasingly governed by law and regulation. Recent examples span the globe, including the EU’s Sustainable Finance Disclosure Regulation, the UK’s Task Force on Climate-Related Financial Disclosures, the US’ proposed climate disclosure rule and Brazil’s proposed ESG-related disclosure regulations. Lessons learned from anti-corruption enforcement and compliance efforts likewise inform how companies and society as a whole may think about ESG on its current trajectory. Further, one aspect of the governance pillar involves how companies govern their environmental and social responsibilities, opportunities and performance, giving rise to new and complex compliance challenges for companies implementing ESG programmes. This panel will explore insights from anti-corruption developments relevant to the proliferation of ESG regulations, including companies’ practices regarding supply chains, M&A due diligence and parent–subsidiary relationships. In particular, panellists will address how well-accepted elements of an effective anti-corruption compliance program – such as risk assessment, relevant policies and procedures, training, effective communications, monitoring and testing and remediation – can provide valuable models for structuring a successful ESG programme.

Session / Workshop Chair(s)

Kara Novaco Brockmeyer Debevoise & Plimpton LLP, Washington, District of Columbia, USA; Vice Chair, Non-trial Resolutions of Bribery Cases Subcommittee

Speakers

Nicole Bigby
Clara Pacce Pinto Serva TozziniFreire Advogados, São Paulo, Brazil; Membership Officer, Business Human Rights Committee
Patrick Späth Morrison & Foerster, Berlin, Germany