The Evolving Reporting Landscape hero image

The Evolving Reporting Landscape

September 2023 Edition

Photo by wildpixel on iStock

What’s Around the Corner

Compliance Burden Excludes Small- and Medium-Sized Enterprises from Supply Chains

  • The President of Indonesia criticized the EU’s landmark deforestation law, characterizing it as “discriminatory.” This criticism centered on the challenges that smallholders encounter in complying with the reporting requirements, which restrict the importation of forest products.  

  • Buyers may gravitate toward bigger players who can check the compliance box but who may be less well placed to drive positive impacts within communities and ecosystems.   

  • Regulations intended to prevent harm place an unjust burden on the global South, resulting in less diverse and resilient supply chains.

Greater Role for AI in Compliance and Assurance

  • The resource and capability gaps created by an increased compliance burden are increasingly filled by AI applications, following uptake by legal services and management consultancies.  

  • Safeguards are lacking to ensure AI-based services, such as reviewing and verifying data against standards, have the capabilities required.

Coming Soon

The Human Rights team assesses the impact of AI in the healthcare industry.

A deep dive into the key issues on the agenda at COP28.

Our Experts

Our team consists of global experts across multiple focus areas, bringing a depth of experience and knowledge around upcoming regulatory requirements.

Christine Diamente portrait

Christine Diamente

Managing Director, Transformation

London

Adam Fishman portrait

Adam Fishman

Associate Director, Transformation

New York

Sean McClellan portrait

Sean McClellan

Manager, Technology and Transformation

New York

Nine Weijenborg portrait

Nine Weijenborg

Associate Director, Transformation and Financial Services

Paris

Let’s talk about how BSR can help you to transform your business and achieve your sustainability goals.

Contact Us