The European Parliament has adopted a Directive that will require large companies and groups to disclose non-financial, corporate social responsibility (CSR) information such as “policies, risks and results as regards environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on boards of directors.”
When adopted by the European Council, the measure will apply to companies with more than 500 employees and allow them some flexibility in meeting their reporting obligations. For example, companies may useinternational, European or national guidelines, such as the U.N. Global Compact, iSO 26000 or the German Sustainability Code. See European Commission Statement, April 15, 2014.