Academics have argued that businesses should be compelled by law to issue environmental and social reports, but governments have so far pushed for ‘voluntary’ arrangements. The commission appears in tune with the UK which has urged more disclosure but falls short of forcing companies into action.
The EC recommendations allow exemptions for SMEs while targetting banks, insurers and financial institutions.
The widening scope of environmental legislation can have important financial consequences for companies, says Brussels.
For more on environmental reporting see www.accountancyage.com/Business/1121822.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel