The European Commission will force companies to “get serious” about due diligence and non-financial reporting as it prepares to table key legislation in the coming months.
“Responsible reporting is clearly part of responsible business,” said the EU’s financial stability Commissioner, Mairead McGuiness. “We are not doing this to impose new burdens on companies but to ensure that our companies are sustainable,” she added.
The EU executive will ensure coherence between new corporate due diligence legislation and the revised non-financial reporting directive to increase companies’ accountability, McGuinness and Justice Commissioners Didier Reynders said at a webinar on Monday (15 March).
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