EU legislation on non-financial reporting by companies / ECCJ    

Public ISBD Titre : EU legislation on non-financial reporting by companies : Position Paper of the European Coalition for Corporate Justice Type de document : document électronique Auteurs : ECCJ, Auteur Editeur : ECCJ Année de publication : 30 May 2012 Importance : 5 p Langues : Anglais (eng) Tags : Entreprises  Comptabilité des entreprises  Union européenne  Justice des entreprises Résumé : The lack of information on corporate operations is a major factor inhibiting corporate accountability and responsible behaviour. If the right information is not collected, analysed and duly disclosed, it is difficult for affected people, the general public, consumers, investors, or even the very management of these companies, to understand the scope and impact of their corporate operations on society. Despite the proliferation of CSR reports, they tend to be difficult to understand and are highly inconsistent. Furthermore, such reports often provide extensive unnecessary information whilst failing to include the vital information needed to assess a company’s social, environmental and human rights impacts. The existing framework results in a situation where companies either do not report at all, or invest a lot of energy in producing complex reports that are of little value both to themselves and their stakeholders. By offering clear guidance, EU legislation can therefore improve the quality of reporting, as well as bring about significant cost savings, both for companies currently reporting, and for those who would, or should, start reporting. Disclosure of the right information is also vital to ensure that affected people and communities are able to assert their rights; it enables stakeholders and the public to fulfil their role as watchdog on companies’ environmental and human rights performance, and provides tools for companies to carry out human rights due diligence. The ECCJ believes the reform of the existing EU Accounting Directives should provide a simple, straightforward, harmonised and enforceable framework of mandatory "non-financial" reporting. En ligne : http://www.corporatejustice.org/IMG/pdf/position_paper_final-2.pdf EU legislation on non-financial reporting by companies : Position Paper of the European Coalition for Corporate Justice [document électronique] / ECCJ, Auteur . - [S.l.] : ECCJ, 30 May 2012 . - 5 p. Langues : Anglais (eng) Tags : Entreprises  Comptabilité des entreprises  Union européenne  Justice des entreprises Résumé : The lack of information on corporate operations is a major factor inhibiting corporate accountability and responsible behaviour. If the right information is not collected, analysed and duly disclosed, it is difficult for affected people, the general public, consumers, investors, or even the very management of these companies, to understand the scope and impact of their corporate operations on society. Despite the proliferation of CSR reports, they tend to be difficult to understand and are highly inconsistent. Furthermore, such reports often provide extensive unnecessary information whilst failing to include the vital information needed to assess a company’s social, environmental and human rights impacts. The existing framework results in a situation where companies either do not report at all, or invest a lot of energy in producing complex reports that are of little value both to themselves and their stakeholders. By offering clear guidance, EU legislation can therefore improve the quality of reporting, as well as bring about significant cost savings, both for companies currently reporting, and for those who would, or should, start reporting. Disclosure of the right information is also vital to ensure that affected people and communities are able to assert their rights; it enables stakeholders and the public to fulfil their role as watchdog on companies’ environmental and human rights performance, and provides tools for companies to carry out human rights due diligence. The ECCJ believes the reform of the existing EU Accounting Directives should provide a simple, straightforward, harmonised and enforceable framework of mandatory "non-financial" reporting. En ligne : http://www.corporatejustice.org/IMG/pdf/position_paper_final-2.pdf

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