Green reporting proposals spark row in Norway

Industry association fears companies will have to devote too much space to environment reporting

Norwegian government proposals for corporate green reporting requirements have come under fire from the Confederation of Norwegian Business and Industry (NHO). The employers' organisation says the proposed legislation could force companies to devote more than half of their annual directors' reports to environmental data, a situation it describes as "strange".

NHO argues that many of the data required, such as details of work-related accidents and injuries, properly belong elsewhere in annual reports, which average 50-60 pages for a large industrial company such as Norsk Hydro, and not in the 5-8-page directors' report and accounts.

"The trend internationally is for separate environmental reports or more detailed environmental reporting in the annual reports," NHO adds, citing the support of the Norwegian Accounting Standards Board for these alternatives. Officials in the finance and environment ministries confirm that they are to discuss the issue this week.

Follow Up:
NHO, tel: +47 23 08 80 00.

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