European Commission should adopt a draft directive aiming at improving transparency in businesses, particularly in the areas of environment, human rights and sustainable development, and on ways to combat corruption. The bill will also contain a chapter on the obligation for businesses to spread information about their diversity policy in their managing bodies. (Ref. 120675)
The Directive followed two observations made by the Commission: 1) “Only 2,500 out of 42,000 large European Companies publish CSR or sustainability reports” and 2) information published by the companies “may not adequately address the needs of users.”
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