illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:

🗞️ Driving the news: At the European Law Institute's annual meeting, legal experts discussed the challenges non-EU countries face in aligning with EU ESG requirements, especially Turkey
• The panel emphasized how EU laws like the Corporate Sustainability Reporting Directive (CSRD) create compliance challenges for companies exporting to the EU due to differing local regulations

🔭 The context: The EU has introduced multiple ESG regulations, including the CSRD, CSDDD, and Green Claims Directive, aiming to hold companies accountable for environmental and social impacts
• Non-EU businesses, especially those exporting to the EU, must now adopt these standards, leading to complex adjustments within diverse regulatory environments

🌍 Why it matters for the planet: Extending EU ESG standards beyond the EU could accelerate global sustainability practices, yet regulatory fragmentation may hinder compliance, affecting transparency and environmental progress along supply chains

⏭️ What's next: The 2025 ELI meeting will likely focus on fundamental rights in environmental law, while countries like Turkey may need to strengthen enforcement mechanisms to ensure effective compliance with EU-aligned ESG requirements

💬 One quote: “If a contractual party’s behaviors are incompatible with a business’s sustainability principles, they can use contractual obligations to force action,” - Kadir Berk Kapanci

📈 One stat: The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) is set to take effect in 2026, impacting non-EU companies doing business within the EU

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