EU Commission calls on businesses to disclose more environmental information

The European Commission has proposed an amendment to existing accounting legislation which aims to improve the transparency of large companies on social and environmental matters, writes

Under the proposal, large companies with more than 500 employees will need to disclose information on policies, risks and results on environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on the boards of directors.

If reporting in a specific area is not relevant for a company, it would not be obliged to report but only to explain why this is the case.

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