China's ESG regulations have developed significantly in recent years setting mandatory framework for certain industries. With the revised Company Law stipulating that companies, when doing business, shall “fully consider” the interests of their employees as well as environmental protection, and are encouraged to publish social responsibility reports, it becomes clear that companies need to ensure their compliance also in the ESG area. The developing ESG legal framework makes it difficult for companies to maintain a detailed and comprehensive overview.
At the same time, the whistleblower culture in China, combined with government reward systems for reporting violations to the authorities, increases the risk of companies being subject to sanctions and penalties.
Companies shall therefore pay attention to ESG regulatory developments in China to assure their compliance. Implementing digital compliance software and whistleblower systems can help companies to ensure their compliance, address compliance breaches early and minimize the risks of being exposed and penalized by authorities.
By proactively embracing these best practices, organizations can stay ahead of regulatory changes, minimize compliance risks, and build a sustainable and responsible business presence in the Chinese market.
近年来,中国的ESG法规有了显著发展,为某些行业设定了强制性框架。修订后的《公司法》规定,企业在经营活动中应“充分考虑”员工的利益和环境保护,并鼓励企业发布社会责任报告,因此企业在ESG领域也需要确保合规。不断发展的ESG法律框架使公司难以保持详细和全面的总体面貌。
与此同时,中国的举报人文化,加上政府对举报违规行为的奖励制度,增加了企业受到制裁和处罚的风险。
因此,公司应关注中国ESG法规的发展,以确保其合规。实施数字合规软件和举报人系统可以帮助公司确保合规,及早解决违规行为,并最大限度地降低被当局曝光和处罚的风险。
通过积极地采用这些最佳实践,企业可以走在监管变化的前面,最大限度地降低合规风险,并在中国市场建立可持续和负责任的业务存在。
Outline of presentation I: Employees need rules not regulations: Task-based compliance systems and their advantages in managing complex environmental (EHS, ESG) requirements
- Introduction of the growing importance of digital compliance
- Challenges of EHS Compliance in China
- Managing sustainable frameworks such as ESG
- Advantages of Digital Compliance in China
- Shaping a sustainable future
Outline of presentation II: Whistleblower systems as part of ESG/EHS compliance systems: Legal framework and tips for their implementation
1. Legal framework for whistleblower protection in China
2. Practical and cultural challenges when implementing whistleblower systems
3. Tips for their implementation
The speaker aims to underscore the pivotal role of digital compliance in China, accentuating the transformative potential of digital solutions regarding environmental, health and safety aspects and their sustainable impact while navigating the complex compliance landscape.
Agenda:
08:00-08:30 Registration & Networking with breakfast
08:30-08:32 welcome speech by Dr. Florian Hobelsberger, Board member of European Chamber Nanjing chapter
08:32-09:10 Presentation I by Mr. Dominik Nowak, Managing Director & Legal Representative China, Eticor International
09:10-09:50 Presentation II by Mr. Ondrej Zapletal, Legal Advisor, Burkardt & Partner Rechtsanwälte in Shanghai
09:50-10:10 Q&A
10:10-10:12 Closing remarks by Dr. Florian Hobelsberger, Board member of European Chamber Nanjing chapter
10:12 End of the event
Payment:
1. Bank transfer:
RMB Bank Account
A/C Name: 中国欧盟商会
A/C No.: 7110210182500027543
China CITIC Bank 中信银行京城大厦支行
Capital Mansion Sub Branch
No. 6, Xinyuan Nan Road
Chaoyang District, 100004 Beijing
北京市朝阳区新源南路6号京城大厦
S.W.I.F.T. Code: CIBKCNBJ100
2. Online pay through Wechat.
Terms & Conditions:
This event has limited seating and requires registration and payment in advance. No walk-ins accepted.
Cancellation Policy:
If you cannot attend this event, please cancel your registration at least 3-working days before. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.
To cancel, please contact Ms. Annie Zhou at azhou@europeanchamber.com.cn.