Large companies with more than 500 employees and a net turnover of €40m would be required to disclose information on non-financial matters such as environmental and social performance, according to a draft proposal seen by ENDS.
The proposal, announced in an EU policy paper on corporate social responsibility (CSR) last year, would amend the accounting directives.
The draft version obtained by ENDS says that large companies meeting the criteria mentioned above would have to disclose CSR information in their annual report. This includes environmental, social and employee-related matters, respect of human rights, and anti-corruption and bribery actions.
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