The debate over company reporting is heating up once again. This time over sustainability issues. The EU may have brought into effect a new directive on non-financial reporting but there are many who believe that the state of disclosures on sustainability topics is  inadequate. The directive, they say, fails to deliver the necessary detail in company disclosures...

It was Frank Bold that coordinated the 27 to demand that the EU refine the sustainability reporting obligations. Among their demands are precise reporting requirements following the recommendations from the Task Force on Climate-related Financial Disclosures; mandatory requirement for reporting on human rights risks based on the United Nations Guiding Principles; and strict new disclosures on “anti-corruption programmes, implementation and monitoring”. The demands come among a host of others designed to dramatically improve sustainability reporting...