The European Parliament adopted the long-awaited directive on the disclosure of non-financial and diversity information by certain large companies.
“This vote is a victory for transparency and this is a great day for the future of sustainability reporting,” said Teresa Fogelberg, Deputy Chief Executive, Global Reporting Initiative (GRI). This agreement demonstrates the EU’s strong commitment to corporate transparency and sustainability – supporting smart, sustainable and inclusive growth, and paving the way for a sustainable global economy.”
|•||Required to report on environmental, social and employee-related, human rights, anti-corruption and bribery matters|
|•||Required to describe their business model, outcomes and risks of the policies on the above topics, and the diversity policy applied for management and supervisory bodies|
|•||Encouraged to rely on recognized frameworks such as GRI’s Sustainability Reporting Guidelines, the UNGC, the UNGP on Business and Human Rights, OECD Guidelines, ISO 26000 and the ILO Tripartite Declaration*|