MEPs vote for tougher environmental reporting requirements for large firms
A key committee of the European Parliament has voted in favour of mandatory environmental and social reporting for large companies, writes Edie.net.
The Legal Affairs Committee significantly strengthened the proposals put forward by the European Commission, which require all large European companies to disclose information in their annual report regarding their impacts on the environment and on human rights throughout their supply chains.
According to the European Coalition for Corporate Justice (ECCJ), the position raises the prospect of a heated stand-off with member states as some national governments are seeking to “water down” the Commission’s proposals.
The Parliament will now enter into negotiations with the Commission and Council on the future of the non-financial reporting reform.