Sustainability reporting has been recognised as being key to achieving the EU’s sustainable growth objectives and there appears to be growing consensus amongst stakeholders that a flexible ‘report or explain’ approach to sustainability reporting, based on the use of internationally-recognised frameworks, is what is needed to increase comparability and transparency among companies.
On 6 March, GRI attended a high-level event at the European Parliament on ‘Transparency, reporting and disclosure on non-financial information: the implementation of the European Union’s strategy on Corporate Social Responsibility’. The event brought together representatives from the European Parliament, the European Commission, the Council of the European Union, national governments, and a wide variety of stakeholders from different sectors, to discuss the future of CSR, sustainability reporting and the disclosure of non-financial information in the EU.
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