UK government succeeds in weakening EU corporate transparency reform

Wednesday, February 26th, 2014

The UK and other governments have succeeded in watering down new European rules designed to boost corporate transparency, by blocking plans that would have required large private companies to report on their environmental and social impacts, alongside firms listed on stock exchanges.

However, MEPs brought forward and defended some important improvements to the initial proposal, such as a requirement for companies to report on the most significant risks to people and planet posed by their suppliers. The reform will cover all listed companies and large public interest entities in the EU.

Download the report »