Corporate Social Responsibility Reporting

There is a growing trend globally towards greater transparency in corporate reporting of non-financial risks and policies. The disclosure of environmental, human rights and social risks is becoming a mandatory legal requirement across the world. We focus here on recent developments in the EU.

European Union

On April 15, 2014, the European Parliament adopted Amendments to Directive 2013/34/EU ("Directive"), requiring disclosure by public companies and groups of nonfinancial and diversity information.

The Directive applies to any company, regardless of their domicile, which files in the EU and has 500 employees in Europe. Companies covered by the Directive are required to disclose information on policies, outcomes and risks relating to environmental matters, social and employee-related aspects, human rights, and anti-corruption issues.