Ethnicity pay gap reporting in the UK remains voluntary. For organizations that choose to report this data, the government has now published guidance on how to do so, recommending that they mirror the rules on gender pay gap reporting where possible. The big difference is that ethnicity pay gap reporting involves multiple categories.
On 13 April 2023, the Canadian Securities Administrators (CSA) published a request for comments due by 12 July 2023. The CSA proposes two approaches to enhance the disclosure requirements of non-venture issuers that were previously adopted by most CSA jurisdictions in 2014 regarding corporate governance practices pertaining to board nomination, board renewal and diversity on boards and in executive officer positions. The proposals are designed to increase transparency about diversity and to provide investors with useful information to better understand how diversity is addressed by an issuer. The CSA has also requested comments on adapting similar diversity disclosure requirements to venture issuers in the future.
Baker McKenzie’s Asia Pacific Employers’ Forum took place in Singapore on Thursday, 27 April 2023. You can access a number of related resources relating to employment issues and trends.
At the leading edge of solving key challenges that face the international energy industry, the International Energy Summit offers globally recognized experts and high-profile speakers a forum to share diverse perspectives and knowledgeable insights in a rapidly evolving market. Connect with Baker McKenzie on the ground in Miami on 1 June 2023 at 10:50am EST for AIEN’s annual meeting, where Jose Moran, Global Co-Chair of our Energy, Mining & Infrastructure Group, will lead a discussion on Infrastructure Development & Electrification Challenges in the context of energy transition.
On 19 April 2023, the European Parliament adopted the final text of a new EU Regulation aimed at tackling deforestation…
On 17 March 2023, the government published an update on its progress in delivering its Inclusive Britain action plan that it published in March 2022. As part of that update, the government has published guidance for employers on how to take positive action to help people with protected characteristics overcome certain barriers and improve representation in their workforce without falling foul of the unlawful discrimination rules.
It’s common practice for companies to collect diversity data and use it to assist in analyzing the concrete benefits of current inclusion, diversity and equity efforts in the workplace, and for recalibrating ID&E goals. However, collecting and managing diversity data can be fraught with risk. In this ID&E IMPACT video, Employment knowledge lawyer Autumn Sharp is joined by Director, ID&E of the Americas, Marredia Crawford and Labor and Employment lawyer Goli Rahimi to discuss what employers should be concerned about when collecting and managing diversity data, as well as some practical tips to help companies navigate this important but complex exercise.
On 31 January 2023, the Amendment to the Cabinet Office Order on Disclosure of Corporate Affairs was promulgated and came into force together with its related guidelines. As a result of this amendment, it has become a requirement to include a new section in the Securities Registration Statement (Form 7 or Form 7-5) and Annual Securities Report (Form 8 or Form 8-2) reporting on sustainability-related initiatives and on other matters.
On 28 March 2023, the Mexican President introduced a bill to Congress, containing a decree that amends, adds and repeals various provisions of the Mining Law, the National Water Law, the Ecological Balance and Environmental Protection Law, and the General Law for the Prevention and Integral Management of Waste, in relation to mining and water concessions.
Mining is a priority activity for a country’s economic growth, as it provides the minerals and raw materials needed for different industrial sectors. If approved as proposed, this initiative would hamper the development of the sector by restricting the exploration, exploitation and processing of these minerals.
This report, based on Baker McKenzie’s many years’ experience with nuclear projects around the world, points to the need to implement comprehensive measures in the economic, legal, social and environmental areas, backed by strong and stable state support. This will not only significantly strengthen Poland’s energy security, but also provide a strong impetus to technological progress, new investments, the development of science, and increasing the competitive advantages of Polish companies.