Tesla dumped from S&P ESG index

How ESG is catching up with Elon Musk

Tesla is certainly a company that stands out from the crowd. It seems as if every other day Tesla is hit by a new bit of bad news. If it’s not viral videos of flaming cars locking their drivers inside then it’s critical software updates for apparently also flammable entertainment systems. All this and more has led to Tesla being dramatically kicked out of the S&P 500 ESG Index.

Is this because Tesla’s prima donna CEO, Elon Musk, wants to stand out from the crowd of billionaire CEOs? Musk certainly likes to make a statement, even if his tweets have previously been accused of violating labour laws and resulted in defamation cases.

On-demand webinar: GDPR – Four years on

Wednesday 25 May, 12pm (UK)

The EU’s General Data Protection Regulation (GDPR) has now been in force for four years. During that time, fines have reached a total of over €1.6 billion, with the majority of fines having been levied in the past 12 months. Also during that time, the UK left the EU, data protection regulation reforms were announced in the UK and the ICO appointed a new commissioner.

On the fourth anniversary of GDPR coming into force, we took a look at the last four years of GDPR, the effect the regulation has had on the way we collect and process data and what we can expect going forward.

The webinar covered:

A review of where businesses are falling short in GDPR compliance
What can we learn from recent GDPR fines?
How the UK’s data protection reforms affect UK GDPR
Best-practice guidance
How to implement an effective GDPR compliance programme

Watch now

Thought Leadership
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1 min read

New podcast series on mental health – Listen to the first episode now

In honour of Mental Health Awareness Month, we have launched a new mini-series focusing on mental health and wellbeing, particularly as we transition away from an era of covid restrictions and enter into a new world of hybrid working.

In this episode, Mental health and compliance, Director of Learning and Content Nick Henderson goes through the basics of mental health and wellbeing from a compliance perspective. We’ll look at how leaders can set the tone, the role of managers, the impact of training, and the elements of an effective mental health and wellbeing programme.

Interactive mental health awareness training for all staff

Our mental health at work course is designed to give users an understanding of some of the causes of stress at work, what can happen when it’s not dealt with and how employees and employers can help reduce unnecessary stress and improve wellbeing at work. The course can be fully customised to enable employers to add relevant policies, procedures, links and information they want to communicate to their staff around mental health and wellbeing. Try our course now.

GDPR Thought Leadership
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12 min read

CCPA vs GDPR: Similarities and Differences Explained

Intro to CCPA vs. GDPR

On May 25, 2018, the General Data Protection Regulation (GDPR), a law regulating how businesses must handle personal data, came into effect. The impact on how online user data had to be handled was massive. Shortly thereafter, on 28 June that year, the California Consumer Privacy Act (CCPA) was passed, going into force on 1 January 2020. On August 14, 2020, the final regulations were approved and it immediately went into effect. To the relief of those companies that were already GDPR compliant, CCPA is, in many ways, a more lenient version of GDPR. However, there are important differences.

GDPR recap

GDPR legislates how companies in the EU must handle personal data. This includes names, email addresses, location data, browser data, etc. This legislation places a responsibility upon companies to be transparent in their handling of personal data and maintain records of how they process that information. The law is meant to ensure that individuals always retain control over their information. Most importantly, consent to use personal information must be explicitly given before being collected and can be revoked whenever it is requested. There is no such thing as implicit consent. For example, browsing or scrolling through a website cannot be considered consent to collect and make use of personal information.

Try VinciWorks’ GDPR training here

Course & Product Updates ESG Thought Leadership
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1 min read

New Course: Climate Change—Understanding the challenge for humanity

Climate change represents one of the greatest threats humanity has ever faced, and we need everyone on board to fight it.

VinciWorks’ new course on climate change will provide a working knowledge and understanding of the mechanics of climate change. The short course gives users an understanding of how human actions are causing climate change and what you and your organisation can do about it. Users will learn how carbon emissions and other factors affect the environment, what will happen if we don’t take collective action, and what we can do to slow the process on an individual, community and organisational basis.

Topics covered

What is climate change?
The science behind climate change
What will life be like if we don’t take action?
Causes of climate change
Things you can do to help

Course features

Smooth, user-friendly scroll design
Customisable training on a wide variety of topics with the option to include or remove topics for different audiences
Interactive learning built-in throughout the course, with the ability for the administrators to track responses in order to gain insights into users’ grasp of the topics
Eye-catching design and an easy to use experience

To learn more about the course, contact us via the short form below.

Thought Leadership
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2 min read

Upcoming webinar: Getting to grips with global sanctions

Wednesday 15 June, 12:00pm (UK)

Since Russia launched its invasion on Ukraine at the end of February, the west has imposed significant sanctions on Russia, Belarus, and Vladimir Putin’s oligarchs who fund his war.

The rapidly evolving nature of the situation has made sanctions compliance an increasing challenge for businesses, but also one that is vital to understand and has prompted many organisations to review their compliance processes.

In this webinar, VinciWorks’ Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson will help businesses tackle questions around global sanctions compliance.

The webinar will cover:

How sanctions are enforced
The challenges presented by sudden sanctions and how to be ready
What to do if a client appears on the sanctions list
How to stay up to date with the latest sanctions
What processes and systems can help your organisation stay on top of sanctions regulations

Free registration

Thought Leadership
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45 sec read

New podcast episode: Unpacking different approaches to compliance training

In our latest special episode, Nick speaks to VinciWorks’ CMO Yehuda Solomont to look at the trends in compliance training and what they mean. Yehuda has all the numbers and statistics at hand to give some real insight into the most popular topics, as well as other trends such as the increased need for relevant training, how long a course should be and whether gamified learning and VR are catching on.

Want to learn more about the compliance training VinciWorks offers? Take a look at our compliance course catalogue.

Thought Leadership
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8 min read

Queen’s Speech 2022 and Compliance

What the UK government has planned for compliance

It’s a bumper Queen’s Speech, with a raft of measures which will affect compliance departments. Chiefly is the long-awaited overhaul of GDPR in the UK and reform of the Audit sector. Companies House role is also expanding, and modern slavery reporting is to be strengthened. So there is plenty in this Queen’s Speech for compliance departments to think about.

We will be tracking all these new rules, alongside existing legislation, consultations, and events on the horizon, in our monthly regulatory agenda.

Key compliance areas affected:

GDPR and data protection
Modern slavery
Sanctions
Client onboarding and due diligence
Competition law
Financial services
Audit and accounting

Course & Product Updates Thought Leadership
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3 min read

VinciWorks joins forces with leading SRA consultancy firm Compliance Office

VinciWorks enters SRA consultancy space

We are excited to announce that Compliance Office, the leading SRA consultancy firm, has been acquired by Marlowe plc and will continue to grow in partnership with VinciWorks. Founded by Andy Donovan, a former SRA legal policy advisor, Compliance Office’s team of consultants draw on years of experience and a proprietary set of tools and templates to help law firms with all of their compliance needs. The merger will enable VinciWorks to broaden its services from compliance training and software into consultancy services as well.

What does this mean for VinciWorks customers?

The addition of a consultancy arm will accelerate the development of VinciWorks’ AML client onboarding solution. It will enable VinciWorks to provide an end-to-end anti-money laundering package that includes a CDD client onboarding tool, AML training and compliance consulting into a single solution.

Thought Leadership
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43 sec read

New podcast episode: What makes compliance work?

In a special one-off episode, we are joined by VinciWorks’ Director of Global Compliance Sandy Erez. Sandy has been breaking boundaries in the field of compliance since the 70s, when she broke the school dress code to wear trousers of all things to her elementary school graduation. Sandy shares how she got involved in the world of compliance and tackles assumptions made about those who work in the field.