A vote could come any day now on a European Commission initiative to implement new non-financial disclosures for companies, including transparency on their sustainability, diversity, and environmental efforts and policies.The potential vote comes on the heels of the December release of the International Integrated Reporting Council’s final version a framework for integrated reporting, a global push to rethink stakeholder communications on financial stability and sustainability.
If a vote does happen, it will cap weeks of debate among commissioners, who started down that path with April 2013 proposals to amend accounting directives and increase required disclosures from European companies on non-financial matters. Among the matters that could require greater transparency: human rights and social justice, managerial diversity, and anti-corruption efforts.
