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The purpose of this Directive is to increase the relevance, consistency, and comparability of non-financial information published by undertakings across the Union.
The proposal will require large listed undertakings, whose number of employees exceeds 500, to publish a non-financial statement in their management report or separately from it. The disclosed non-financial information will at least coverenvironmental, social, and employee-related matters, respect of human rights, anti-corruption and bribery matters. It will also require including a description of the policies pursued, their outcomes and the risks related to those matters.
The amendment will also require large listed companies to provide in their corporate governance statement the information on their policy related to diversity of competences and views of the members of administrative, management and supervisory bodies.
Where undertaking is not pursuing policies in relation to one or more of these matters, it will have to provide a clear and reasoned explanation for not doing so.
The legislative Proposal was presented by the Commission in April 2013 and the JURI committee of the European Parliament is yet to vote on this file.