In contrast to many countries, the UK has no single law or regulation covering economic, social and governance (ESG) concerns: there is, for example, no equivalent of Germany’s Act on Corporate Due Diligence in Supply Chains. In many ways, the UK is falling behind other countries in terms of legislation aimed at preventing ESG harms. However, ESG compliance and sustainability are important factors for UK companies and their supply chains: non-compliance can, in addition to the clear human cost, have implications for a company’s finances and reputation. Read on to find out what companies need to do and what the barriers to compliance are.
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