12 February 2013
Scheduled for last December, the legislative initiative on extra-financial reporting could be published in the coming weeks. This, at least, is the promise made by the European Commissioner for Internal Markets, Michel Barnier, following the vote in the European Parliament on a resolution on the matter. (Ref. 130103)
29 April 2012
The law of July 12, 2010, known as “Grenelle 2,” states that businesses of a certain size have to include extra-financial information to the board or supervisory board’s annual report and to give transparent commitments in favor of sustainable development. This law expands the law on May 15, 2001 known as “New Economic Regulations” (“nouvelles régulations économiques,” NRE) which introduced the principle of providing social and environmental data. It provides that the report will have to...
17 September 2010
“The law shows the right way, encouraging businesses to work and render accounts on their social responsibility.” This is how Minister for Economic Affairs Brian Mikkelsen presented, on September 1st, the outcome of the report on the application of the årsregnskabslov, the law of December 16, 2008 which forces the country’s 1,100 large businesses to tell about their CSR practices in their annual report. Enforced on January 1, 2009, the law imposes that they expose their CSR policies following three...
