EU guidelines may support companies in fulfilling their reporting obligations (Directive 2014/95/EU) on policies, risks and results as regards environmental matters, social and employee-related aspects, as well as respect for human rights, anti-corruption and bribery issues, and diversity on the boards of directors. They will also promote smart sustainability reporting.
The proposed guidelines are voluntary and all companies preparing a non-financial statement can rely on them. They reflect current best practices and most recent developments including lessons from, among others, the UN SDGs and Paris Climate Agreement.
„By providing relevant information on their environmental and social credentials, companies are doing themselves a favour and helping their investors, lenders and society at large.”
– says Valdis Dombrovskis, EU Vice-President
Based on EU press release.