Press Release: New transparency rules on social responsibility for big companies

The Committee of Permanent Representatives on 26 February 2014 endorsed an agreement between the Hellenic Presidency of the Council and European Parliament representatives on a draft directive for the disclosure of non-financial and diversity information by certain large companies.

New measures will require certain big EU companies to draw up, on a yearly basis, a statement relating to environmental, social and employee-related matters, respect for human rights, anti-corruption and bribery matters.

The new measures are aimed at strengthening the company's transparency and accountability, while limiting any undue administrative burden, and ensuring a level playing field across the EU.

• Primary Source

European Commission: RAPID: STATEMENT/14/29: Disclosure of non-financial information by certain large companies: European Parliament and Council reach agreement on Commission proposal to improve transparency http://europa.eu/rapid/press-release_STATEMENT-14-29_en.pdf

ESO: Background Information: Commission moves to enhance business transparency on social and environmental matters http://www.europeansources.info/record/press-release-commission-moves-to-enhance-business-transparency-on-social-and-environmental-matters/

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