«It's the law: Big EU companies must report on sustainability»

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«Wednesday was a historic day in Europe, where a new law will require its biggest companies to include sustainability factors as part of their annual financial report.
In a 599-55 vote, the European Parliament passed the law, which applies to publicly traded companies with more than 500 employees. They must address "policies, risks and results" in relation to "social, environmental and human rights impact, diversity and anti-corruption policies" in their annual reports.
Today, 2,500 companies voluntarily produce sustainability reports; that will rise to nearly 7,000 by 2017, when the law goes into effect.
These "public interest companies" must:
• Report on environmental, social and employee-related, human rights, anti-corruption and bribery matters
• Describe their business model, outcomes and risks of their policies regarding these topics, as well as their diversity policy for management and supervisors».