EUROPE PUSHES AHEAD WITH SUSTAINABILITY REPORTING INITIATIVE AS IFRS FOUNDATION MULLS GLOBAL STANDARD
February 1st, 2021
SERIOUS steps are being taken to forge international non-financial reporting standards, with the IFRS Foundation mulling a new board agreeing global guidance. But in parallel, the European Commission is planning a comprehensive non-financial reporting directive forcing larger European Union (EU) companies to report on their environmental and social impact and governance issues, including ethics, innovation and supplier/customer relations.
The EU executive will be working from a blueprint developed and recently released by the European Financial Reporting ...
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