EU Climate Initiatives Impacting Non-EU Companies: Stringent ESG Disclosures, Carbon Taxes, Reporting Obligations
Why U.S. Companies Should be Preparing for CSRD and CBAM Compliance Now
A live 90-minute CLE video webinar with interactive Q&A
This CLE webinar will provide a detailed discussion of the recent EU climate initiatives Corporate Sustainability Reporting Directive (CSRD) and Carbon Border Adjustment Mechanism (CBAM) and their far-reaching compliance requirements including stringent ESG disclosures, carbon tax payments, and strict reporting obligations that will also affect non-EU companies. The panel will address which non-EU companies will be affected and when and provide best practices for compliance.
Outline
- Overview of EU climate initiatives
- CSRD
- Purpose
- Affected companies
- Progressive rollout timeline
- Required ESG disclosures
- Exemptions
- Effect on non-EU/U.S. companies
- Penalties for noncompliance
- Other considerations
- CBAM
- Purpose
- Affected companies
- Transition phase
- Covered exports to the EU
- Reporting and tax requirements
- Effect on non-EU/U.S. companies
- Penalties for noncompliance
- Other considerations
- Best practices for preparation and compliance
Benefits
The panel will review these and other key issues:
- What ESG disclosures must be made under CSRD and how do these differ from the proposed SEC rule?
- What is the progressive rollout timeline for CSRD compliance and what should companies do to prepare for CSRD compliance even if they are not immediately affected?
- What is the transition phase of CBAM and when will it be fully effective?
- What CBAM reporting is required of covered companies during the transition phase as compared to when it is fully effective?
- What are the penalties for CSRD and CBAM noncompliance?
Faculty

Shannon S. Broome
Partner; California Environmental Practice Group Leader
Hunton Andrews Kurth
Ms. Broome’s prior experience as a chemical engineer in the oil and gas industry affords her unparalleled... | Read More
Ms. Broome’s prior experience as a chemical engineer in the oil and gas industry affords her unparalleled insights into the development of regulations and counsel on environmental, health and safety issues. Her work focuses on permitting, enforcement, environmental incident response, and regulatory advocacy and litigation. A nationally recognized authority on Clean Air Act matters, with more than 25 years of experience addressing all aspects of the statute, Ms. Broome represents clients in a variety of manufacturing and energy sectors, including oil and gas, chemical, paper, automotive, power generation and utilities. She is a Governing Council Board Member 2019-2022 term, Immediate Past Chair Climate Change Committee, Vice-Chair, Climate Change Committee and Air Quality Committee, ABA’s Section on Energy, Environment, and Resources. Ms. Broome has achieved certification by the Sustainability Accounting Standards Board in ESG issues related to sustainable accounting principles.
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Amanda N. Urquiza
Partner
Wilson Sonsini Goodrich & Rosati
Ms. Urquiza is a leader in ESG and sustainability and spearheads the firm’s cross-practice initiative in this... | Read More
Ms. Urquiza is a leader in ESG and sustainability and spearheads the firm’s cross-practice initiative in this area. She practices corporate and securities law and has extensive experience advising public companies and their boards. Ms. Urquiza’s practice includes all aspects of company representation, including corporate governance, SEC compliance, 1934 Act issues, public offerings, private placements, and mergers and acquisitions. She brings a nuanced perspective to her practice, driven by her broad range of experience, including time spent in-house and practicing internationally.
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