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Recent Editions
Risk Channel
North America
U.S. Rep. Nathaniel Moran has introduced the AI Incident Reporting Act, which would create a federal process for reporting certain serious AI incidents to the Department of Commerce. The proposal focuses on advanced AI systems and includes reports on dangerous capabilities, security breaches, and safety issues. Under the measure, Commerce would identify which models meet risk thresholds. Developers of those systems would have seven days to report qualifying incidents, while the most serious cases would trigger a 48-hour notice to congressional leaders and committee chairs. The bill also calls for consultation with industry, researchers, cybersecurity experts, and national security officials.
Full Issue
Risk Channel
UK/Europe
French oil company TotalEnergies must account for its customers’ greenhouse gas emissions, a Paris court has found. The ruling is a partial victory for climate change NGOs seeking to apply France's 2017 corporate duty of vigilance law to climate change. However, the court stopped short of ordering specific measures such as limiting overseas exploration and production or setting binding emissions reduction targets. The court said: “Climate-related risks and impacts to which the company may contribute through its activities fall within the scope of the law on the duty of vigilance for parent companies and ordering companies.” The city of Paris said the ruling was “a landmark decision in the history of French climate law.” The city's deputy mayor, Alice Timsit, said: “For the first time, a judge recognises that climate risks do indeed fall under the duty of vigilance owed by large corporations, and no fossil-fuel multinational can evade this responsibility.”
Full Issue
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New Broom at S.E.C
In the closing days of the 1960s, a boy walks quickly along the sidewalk as he follows his father striding purposefully in and out of the smoky roadside bars and diners of Baltimore. His father enters an establishment, a tired neon light flashing, and exchanges words with the bar-tender as the boy hops up onto a stool. It is a well-rehearsed routine....
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Here Comes The Bribe
How robust are the anti-bribery strategies in your organisation? Do you have any? Bribery is not a phenomenon limited to multinationals operating in some of the more obscure, less-regulated areas of the world.
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Whistle Test Is Coming
The demands for “whistle blowing” employees to be given more protection are growing. The following stories selected from the daily news newsletter highlight this trend
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CEOs Fret Over Lost Remote Control
“Over recent weeks as politicians signal that societies now need to live with Covid-19 and have announced the lifting of distancing restrictions some high-profile CEOs have publicly called for their workforces to re-embrace the office as the Covid pandemic threat recedes
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ESG Is Not Another Name For CSR
Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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