Corporate accountability, referring to a publicly traded company’s performance in non-financial areas such as social responsibility and sustainability, is falling under the EU legislative spotlight. Now that the energy transition in the EU is gaining momentum, companies will have to do their part to become climate neutral, while avoiding so-called ‘greenwashing’.
In this context, the European Commission has been working to clarify what ‘sustainable’ is in the world of business and requiring companies to become more transparent about their environmental footprint.
We have prepared an overview highlighting how the scope of corporate accountability is being broadened in the EU and how this will result in more reporting, monitoring and transparency obligations. I do hope you find this to be insightful and we would be happy to discuss further with you.
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