While the world celebrates World Environment Day on 5th June every year, this year (2022) came with a new theme, "Only One Earth", which advocates for transformative environmental change on a global scale. This resulted in a significant shift in the business sector, where an increasing number of companies were...
To protect the impact of the EU market on worldwide deforestation and forest degradation, the European Union approved a new legislation on 19 April 2023. Known as the EU Deforestation Regulation ("EUDR"), it requires operators and traders dealing in certain goods and their derivatives from seven specific commodities (cattle, cocoa, coffee,...
Compliance refers to the adherence to rules, regulations, policies, and applicable standards. In the context of business, it entails the organization's or entity's adherence to legal requirements, government regulations, internal organizational rules, and relevant ethical standards. According to Mr. Buntoro, an Inspector from the Financial and Development Supervisory Agency (BPKP) of...
