Strengthening Sustainable Corporate Governance in the EU

by name voted on 17.12.2020

Summary

This report proposes new EU laws to make corporate governance more sustainable by mandating better environmental reporting and redefining directors' legal duties to include long-term societal interests.

9 17.12.2020

Other

environment

human rights

social policy

business and competition

employment and working conditions

Key points

The European Parliament seeks to move from voluntary corporate responsibility guidelines to mandatory EU legal frameworks.
There is a call to expand non-financial reporting requirements to include all large companies and certain high-risk sectors.
The report suggests that non-financial sustainability statements should be subject to mandatory independent audits.
A new legal duty of care is proposed for directors, requiring them to integrate long-term sustainability risks into their company's core strategy.

Vote

PPE

S&D

Renew

ID

Verts/ALE

ECR

GUE/NGL

NI

Total

Documents (PDFs)

REPORT on sustainable corporate governance Sustainable corporate governance

These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.