ESG and climate disclosure
ESG and climate disclosure obligations are landing directly on Trade and Geopolitical Risk functions, as supply chain transparency requirements from the U.S. Securities and Exchange Commission's climate disclosure rule and the European Securities and Markets Authority's CSRD-aligned guidance now require firms to map climate-related exposures across cross-border trade relationships and sourcing networks. The Financial Conduct Authority has separately pushed listed entities to account for geopolitical disruption as a material climate-adjacent risk factor in their forward-looking disclosures. Compliance teams are not treating this as a reporting exercise: they are auditing third-party trade data against disclosure thresholds before annual filing windows open.
Watch
- SEC climate disclosure rule Scope 3 applicability to imported goods and supplier chains
- ESMA scrutiny of greenwashing in trade-linked ESG fund classifications
- FCA listing rules: geopolitical risk as a material factor in climate-related financial disclosures
- CSRD phase-in deadlines for non-EU parent companies with EU trade subsidiaries
Recent material activity in Trade & Geopolitical Risk
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OFAC designates 14 entities linked to Russian defense procurement network
The Treasury Department's Office of Foreign Assets Control added 14 entities and 6 individuals to the Specially Designated Nationals list for their roles in procuring critical technology components for Russia's defense i…
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BIS adds 22 Chinese semiconductor entities to Entity List for advanced chip diversion
The Bureau of Industry and Security expanded export controls targeting Chinese semiconductor entities found to be diverting advanced computing chips through third-country intermediaries. New license requirements affect i…
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