ESG Reporting and Due Diligence in Contingent Workforce Management

Key Findings

• ESG is the collective term for a set of standards used to measure the impact that a business has on the environment and society and how robust and transparent its governance is in terms of company leadership, executive pay, audits, internal controls, and shareholder rights.
• While most reporting frameworks are focused on environmental impact, the European Union is leading the way with comprehensive ESG reporting standards.
• The EU’s Corporate Sustainability Reporting Directive (CSRD) will transform ESG reporting subjecting 50,000 companies to mandatory sustainability reporting, including non-EU companies which have subsidiaries operating within the EU or are listed on EU-regulated markets.
• In recent years, several countries have also introduced legislation requiring companies to exercise due diligence on potential adverse impacts and report on their supply chain with an emphasis on human rights. However, the imposition of sanctions and effective enforcement can be patchy.
• This report lists the due diligence legislation which is in-scope and that staffing firms and enterprise buyers should be aware of.

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Legal Disclaimer: This update is provided solely for the purposes of information and should not be considered legal advice. It is always recommended to seek the advice of qualified legal counsel before taking action.