Member News

PwC | ESG Regulations and your Company – Actions you can Take Now to Transform your ESG Reporting Strategy

On March 6, 2024, the SEC adopted new climate disclosure rules. These rules require companies to publish information that describes the climate-related risks that are reasonably likely to have a material impact on a company’s business or consolidated financial statements. The new rules call for a dramatic change in the nature and extent of disclosures US companies are required to make about the impact of climate change. The gathering and reporting of these incremental disclosures may require significant changes to...

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Member News

AlixPartners | Tackling Scope 3 emissions: How Companies are Adapting their Supply Chains

Logistics need to change both up and downstream if companies are to make progress on emissions reductions. To adapt to supply-chain disruptions during the pandemic and through ongoing geopolitical conflicts, as in the Red Sea, companies have implemented longer shipping routes, opted for air freight, and often cobbled solutions together without indexing heavily on the environmental impacts of those choices. They won’t be able to in the future. Regulatory shifts like the European Union's Carbon Border Adjustment Mechanism (CBAM) and California's At-Berth Rule are reshaping...

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Chapter News

International Maritime Organization | IMO Agrees Possible Outline for Maritime “Net-zero Framework”

​IMO has agreed on an illustration of a possible draft outline of an “IMO net-zero framework” for cutting greenhouse gas emissions (GHG) from international shipping. This marks a step forward in the legal process towards adopting global regulations, referred to as “mid-term GHG reduction measures”, that will help achieve the targets contained in the 2023 IMO Strategy on the Reduction of GHG Emissions from Ships. At the conclusion of the eighty-first session of the Maritime Environment Protection Committee (MEPC 81), held...

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Member News

CLA (CliftonLarsonAllen) | Exploring AI and Predictive Analytics in Your Organization

Digital transformation can bring significant opportunities for your organization. It’s an evolution that spans dashboard creation, data estates and warehouses, and the potential of artificial intelligence (AI) and predictive analytics. Consider how your organization can understand and harness transformative technologies like AI and predictive analytics. Let’s walk through the trends, see how it’s being used in the business world, and review potential challenges. The rapidly evolving world of AI and predictive analytics From the early days of explicit instructions to the current...

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Member News

Berkowitz Pollack Brant | 4 Important Considerations When Hiring Professional Recruiters

It can be exceedingly difficult for companies to fill jobs that require specialized skills, such as finance and accounting, especially in a tight labor market with low unemployment. With so many job vacancies available to a limited number of qualified candidates, businesses must use all the resources available to stand out from the pack, build relationships, and amass a vast pool of skilled talent from which to recruit for years to come. One critical resource to consider is a...

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Member News

Vulcan Consulting | European Commission Lays out Comprehensive Biotech Strategy

On Wednesday 20 March, the European Commission announced a series of targeted actions to boost biotechnology and biomanufacturing on the continent. The Communication on Building the future with nature identifies hurdles for the sector and how these are to be overcome. The strategy comes at a time where Europe is increasingly aware of the need to boost its competitiveness globally, as addressed in the Communication on the long-term competitiveness of the EU. Biotechnology and biomanufacturing have evolved as promising technological frontiers in the 21st century. They...

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Chapter News

ECB | Who Buys Bonds Now? How Markets Deal With a Smaller Eurosystem Balance Sheet

Blog post by Federico Maria Ferrara, Tom Hudepohl, Pamina Karl, Tobias Linzert, Benoit Nguyen, Lia Vaz Cruz |  The Eurosystem is shrinking its balance sheet, which makes more government bonds available for purchase. The ECB Blog looks at how markets are adjusting to this new situation with regard to bond price volatility, liquidity and the impact on repo markets. Since mid-2022 the Eurosystem’s balance sheet declined by around €2,000 billion, or more than 22 per cent. The largest part of...

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Member News

PwC | Financial Serveces Update – FDIC Proposes Changes to Bank Merger Policy

➔ What happened? On March 21st, the FDIC proposed revisions to its bank merger review policy for the first time since 2008. The revisions resulted from a request for information (RFI) issued by the FDIC in 2022. Separately, CFPB Director Rohit Chopra spoke on revitalizing bank merger review and Acting OCC Comptroller Michael Hsu issued a statement supporting the FDIC’s proposal. The OCC proposed its own revised bank merger review framework in February. ➔ How does the proposal change existing...

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Member News

Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: an early peak, air cargo volumes flying high, pedal to the metal for intermodal, update on S. African ports, and technology trends for 2024. Hapag-Lloyd just released financial results for its Q4, and it details just how much liner shipping revenues have dropped — a whopping 77.1% from 2022 to 2023, calculated before interest, taxes, depreciation, and amortization. And although volumes were up slightly, lower freight rates wiped out margins and profitability. But, while all of that sounds...

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Chapter News

European Commission | Eurobarometer Survey Shows Positive Perceptions About the Economy and the Quality of Life in the EU Regions

On March 25th the Commission published a Flash Eurobarometer conducted at the regional level, showing that EU citizens look positively at the economic situation and the quality of life in their region. Over eight out of ten Europeans (82%) say that the quality of life in their region is good. At the same time, 65% of Europeans say that the current situation of the economy of their region is good. Europeans tend to think that the most important issues facing their region at the moment are the cost of...

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