Today, April 15, the European Parliament adopted the compromise reached with the Council of EU Ministers on the draft directive on the disclosure of non-financial information and data regarding diversity in businesses. These new measures, which aim to improve transparency and social responsibility, focus on corporate policies on matters affecting the environment, personnel, compliance with human rights and fight against corruption. The Council will formally endorse the text in a the coming weeks. The Member States will have 2 years to transpose it into national law.
Disclosure of non-financial information. The bill reviewing Directive 2013/34 on the disclosure of non-financial and diversity information by certain large companies imposes that companies or groups of undertakings whose average number of employees in the financial year exceeds 500 “report a non-financial statement containing information to the extent necessary for an understanding of the undertaking’s development, performance and position and of the impact of its activity, relating to, as...
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