BETA


2013/0110(COD) Corporate governance: disclosure of non-financial and diversity information by certain large companies and groups

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead JURI BALDASSARRE Raffaele (icon: PPE PPE) COFFERATI Sergio Gaetano (icon: S&D S&D), TAYLOR Rebecca (icon: ALDE ALDE)
Committee Opinion AFET BROK Elmar (icon: PPE PPE) Andrzej GRZYB (icon: PPE PPE), Charles TANNOCK (icon: ECR ECR)
Committee Opinion DEVE SARGENTINI Judith (icon: Verts/ALE Verts/ALE) Nirj DEVA (icon: ECR ECR)
Committee Opinion ECON BOWLES Sharon (icon: ALDE ALDE) Ashley FOX (icon: ECR ECR)
Committee Opinion EMPL HOWITT Richard (icon: S&D S&D) Jean LAMBERT (icon: Verts/ALE Verts/ALE)
Committee Opinion ENVI
Committee Opinion ITRE BENDTSEN Bendt (icon: PPE PPE) Vicky FORD (icon: ECR ECR)
Committee Opinion IMCO COFFERATI Sergio Gaetano (icon: S&D S&D) Dennis de JONG (icon: GUE/NGL GUE/NGL), Matteo SALVINI (icon: ENF ENF)
Committee Opinion FEMM KLEVA KEKUŠ Mojca (icon: S&D S&D) Mariya GABRIEL (icon: PPE PPE), Filiz HYUSMENOVA (icon: ALDE ALDE)
Lead committee dossier:
Legal Basis:
TFEU 050-p1

Events

2014/11/15
   Final act published in Official Journal
Details

PURPOSE: to increase the relevance, consistency, and comparability of non-financial information published by undertakings across the Union, with a view to increasing transparent and responsible business behaviour.

LEGISLATIVE ACT: Directive 2014/95/EU of the European Parliament and of the Council amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups.

CONTENT: the Directive aments Directive 2013/34/EU of the European Parliament and of the Council on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings. It concerns the disclosure of non-financial and diversity information by certain large undertakings and groups .

In its resolutions of 6 February 2013 , the European Parliament acknowledged the importance of businesses divulging information on sustainability such as social and environmental factors, with a view to identifying sustainability risks and increasing investor and consumer trust. It called on the Commission to bring forward a legislative proposal on the disclosure of non-financial information by undertakings allowing for high flexibility of action, in order to take account of the multidimensional nature of corporate social responsibility (CSR).

The main elements of the Directive are as follows:

Non-financial statement : under the new provisions, large undertakings which are public-interest entities exceeding on their balance sheet dates the criterion of the average number of 500 employees during the financial year shall include in the management report a non-financial statement containing information to the extent necessary for an understanding of the undertaking's development, performance, position and impact of its activity, relating to, as a minimum, environmental, social and employee matters, respect for human rights, anti-corruption and bribery matters. This statement shall include a description of policies, results and risks related to those matters.

Where the undertaking does not pursue policies in relation to one or more of those matters, the non-financial statement shall provide a clear and reasoned explanation for not doing so.

Therefore small and medium-sized companies will be exempted from the new reporting obligation.

Diversity policy : the description of the diversity policy applied for the undertaking’s administrative, management and supervisory bodies with regard to aspects such as age, gender, educational and professional background , will be added in the corporate governance statement (provided for in article 20 of directive 2013/34/EU).

Guidelines : the Commission shall publish, by 6 December 2016, non-binding guidelines on methodology for reporting non-financial information, including non-financial key performance indicators, general and sectoral, with a view to facilitating relevant, useful and comparable disclosure of non-financial information by undertakings.

Country by country reporting on taxes : in a report to be delivered by 21 July 2018 by the Commission, it will have to be considered the possibility of introducing an obligation requiring large undertakings to produce, on an annual basis, a country-by-country report for each Member State and third country in which they operate , containing information on profits made, taxes paid on profits and public subsidies received.

Review : the Commission shall submit, by 6 December 2018 and shall be accompanied, if appropriate, by legislative proposals, a report to the European Parliament and to the Council on the implementation of this Directive, including, among other aspects, its scope, particularly as regards large non-listed undertakings, its effectiveness and the level of guidance and methods provided.

ENTRY INTO FORCE: 5.12.2014.

TRANSPOSITION: 6.12.2016. Provisions are to apply to all undertakings for the financial year starting on 1 January 2017 or during the calendar year 2017.

2014/10/22
   CSL - Draft final act
Documents
2014/10/22
   CSL - Final act signed
2014/10/22
   EP - End of procedure in Parliament
2014/09/29
   EP/CSL - Act adopted by Council after Parliament's 1st reading
2014/09/29
   CSL - Council Meeting
2014/07/09
   Commission response to text adopted in plenary
Documents
2014/04/15
   EP - Results of vote in Parliament
2014/04/15
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted by 599 votes to 55 with 21 abstentions, a legislative resolution on the proposal for a directive of the European Parliament and of the Council amending Council Directives 78/660/EEC and 83/349/EEC as regards disclosure of non-financial and diversity information by certain large companies and groups.

Parliament adopted its position at first reading under the ordinary legislative procedure. The amendments adopted in plenary were the result of a compromise between Parliament and Council. They amend the Commission’s proposal as follows:

Amendment of the Accounting Directive : as suggested by Parliament, the directive should aim to amend the new Accounting Directive 2013/34/EU as regards disclosure of non-financial, specific financial and diversity information by certain large undertakings and groups

It was recalled that the European Parliament called on the Commission to bring forward a legislative proposal on the disclosure of non-financial information by undertakings, in order to take account of the multi-dimensional nature of corporate social responsibility (CSR) matched by a sufficient level of comparability to meet the needs of investors as well to provide consumers with easy access to information on businesses' impact on society.

Non-financial statement : the amended text provided that large undertakings which were public-interest entities exceeding on their balance-sheet dates the criterion of average number of employees during the financial year of 500, should include in the management report a non-financial statement containing information to the extent necessary for an understanding of the undertaking's development, performance and position and of the impact of its activity, including:

· Environmental questions : the statement should contain details of the current and foreseeable impacts of an undertaking's operations on the environment, health and safety, the use of renewable and non-renewable energy, greenhouse gas emissions, water use and air pollution.

· Social and staff issues : the information provided in the statement should concern the actions taken to ensure gender equality, implementation of fundamental conventions of the International Labour Organisation (ILO), working conditions, social dialogue, respect for the right of workers to be informed and consulted, respect for trade union rights, health and safety at work and the dialogue with local communities, and/or the actions taken to ensure the protection and the development of those communities;

· Human rights, anti-corruption and bribery : the non-financial statement should include information on the prevention of human rights abuses and instruments in place in order to fight corruption.

The non-financial statement should also include information on:

· a brief description of the undertaking's business model;

· the due diligence policies implemented by the undertaking;

· the principal risks related to those matters linked to the undertaking's operations including, where relevant and proportionate, its business relationships, products or services which are likely to cause adverse impacts in those areas, and how the undertaking manages those risks;

· non-financial key performance in dicators relevant to the particular business.

Where the undertaking does not pursue policies in relation to one or more of those matters, the non-financial statement shall provide a clear and reasoned explanation for not doing so.

An undertaking should be exempted from the obligation to provide a non-financial statement if it provided the information required for the financial year in a separate report.

Member States may allow information relating to impending developments or matters in the course of negotiation to be omitted in exceptional cases where, in the duly justified opinion of the members of the administrative, management and supervisory bodies, the disclosure of such information would be seriously prejudicial to the commercial position of the undertaking.

Guidelines: the Commission should prepare within two years of entry into force of the legislation, non-binding guidelines on methodology for reporting non-financial information, with a view to facilitating relevant, useful and comparable disclosure of non-financial information by Union undertakings.

Revision : at the latest four years after the entry into force of the Directive, the Commission should submit a report, with legislative proposals if appropriate, on the implementation of the Directive, including, among other aspects, its scope, particularly as regards large non-listed undertakings, its effectiveness and the level of guidance and methods provided.

Documents
2014/04/08
   EP - Amendments tabled in committee
Documents
2014/03/03
   FR_ASSEMBLY - Contribution
Documents
2014/01/10
   EP - Committee report tabled for plenary, 1st reading/single reading
Details

The Committee on Legal Affairs adopted the report by Raffaele BALDASSARRE (EPP, IT) on the proposal for a directive of the European Parliament and of the Council amending Council Directives 78/660/EEC and 83/349/EEC as regards disclosure of non-financial and diversity information by certain large companies and groups.

The committee recommended that Parliament’s position in first reading following the ordinary legislative procedure should amend the Commission proposal as follows:

Amendment of the Accounting Directive : Members considered that the proposal should aim to amend the new Accounting Directive (2013/34/EU) as regards disclosure of non-financial, specific financial and diversity information by certain large undertakings and groups

Matters relating to reporting: a new recital set out the main issues which should be covered in the non-financial statement included in the management report.

· Environmental questions : the statement should contain details of the current and foreseeable impacts of an undertaking's operations on the environment, health and safety, the use of renewable and non-renewable energy, greenhouse gas emissions, water use and air pollution.

· Social and staff issues: the information provided in the statement should concern, the relationships maintained by the undertaking with its supply and subcontracting chains, the actions taken to ensure gender equality, implementation of fundamental conventions of the International Labour Organisation (ILO), working conditions, social dialogue, respect for the right of workers to be informed and consulted, respect for trade union rights, health and safety at as well as responsible behaviour on tax planning

· Human rights, anti-corruption and bribery : the non-financial statement should include, as a minimum, information on the prevention of human rights abuses and instruments in place in order to fight corruption and bribery.

The non-financial statement should also include information on the due diligence policies implemented by the undertaking, in particular regarding the undertakings' supply and subcontracting chains, in order to identify, prevent and mitigate existing and potential adverse impacts.

Report on risks : the management report shall include a fair review of the development and performance of the undertaking’s business and of its position, together with a description of the management of the principal risks and uncertainties that it faces.

Members proposed limiting the disclosure of information only to risks that were deemed to be ‘principal’, whilst giving the decision-making or supervisory bodies of an undertaking the option of not disclosing information relating to risks or to negotiations under way, where such disclosure would seriously jeopardise the interests of the undertaking.

Guidelines : the Commission shall develop, with the involvement of all relevant stakeholders, guidelines on the methodology and use of international standards and non-financial performance indicators in order to assist undertakings in their reporting. It should publish the guidelines 12 months after the entry into force of the Directive.

Revision : no later than three years after the entry into force of the Directive, the Commission should submit a report, accompanied, if appropriate, by legislative proposals concerning: (i) the non-financial information disclosed and its scope, including the coverage of the supply and subcontracting chains; (ii) the transparency and comparability of the non-financial information provided by the undertakings and whether the aims of the legislation are being fulfilled; (iii) the judicial and/or administrative procedures for the enforcement of obligations under this Directive, including procedures available to interested third parties, within the Member States; (iv) the progress with non-financial reporting throughout the world.

Documents
2013/12/17
   EP - Vote in committee, 1st reading/single reading
2013/12/11
   EP - Committee opinion
Documents
2013/12/10
   EP - Committee opinion
Documents
2013/12/02
   EP - Committee opinion
Documents
2013/11/29
   EP - Committee opinion
Documents
2013/11/28
   EP - Committee opinion
Documents
2013/11/28
   EP - Committee opinion
Documents
2013/11/15
   EP - Amendments tabled in committee
Documents
2013/11/11
   EP - Committee opinion
Documents
2013/10/17
   EP - Committee draft report
Documents
2013/07/11
   ESC - Economic and Social Committee: opinion, report
Documents
2013/07/08
   EP - Committee Opinion
2013/06/28
   ES_PARLIAMENT - Contribution
Documents
2013/06/18
   PT_PARLIAMENT - Contribution
Documents
2013/06/12
   DE_BUNDESRAT - Contribution
Documents
2013/06/12
   EP - Committee Opinion
2013/05/29
   EP - Responsible Committee
2013/05/29
   EP - Committee Opinion
2013/05/29
   EP - Committee Opinion
2013/05/28
   EP - Committee Opinion
2013/05/22
   EP - Committee Opinion
2013/05/21
   EP - Committee referral announced in Parliament, 1st reading/single reading
2013/05/21
   EP - Committee Opinion
2013/04/16
   EC - Document attached to the procedure
2013/04/16
   EC - Document attached to the procedure
2013/04/16
   EC - Legislative proposal published
Details

PURPOSE: to increase the relevance, consistency, and comparability of non-financial information published by undertakings across the Union.

PROPOSED ACT: Directive of the European Parliament and of the Council (amendment of Council Directives 78/660/EE and 83/349/EEC).

ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council.

BACKGROUND: the approach currently taken in the Accounting Directives on the publication of non-financial information has not produced the desired results. It is estimated that only a limited number of large companies (2500 out of the total of 42000 in the EU) regularly publish non-financial information. The quality of the information disclosed varies, making it difficult for investors and stakeholders to understand and compare companies’ position and performance.

Furthermore, national requirements are significantly diverse, which adds to the lack of clarity for companies and investors who operate across the Internal Market. In addition, insufficient diversity in boards may lead to a similarity of views of the members of the board of directors and more resistance to innovative ideas.

The need to improve the transparency of the social and environmental information provided by companies in all sectors, in order to ensure a level playing field, has been acknowledged by the Commission in the Single Market Act and was reiterated in the Communication "A renewed strategy 2011 – 2014 for Corporate Social Responsibility".

The European Parliament, in its two resolutions on “Corporate Social Responsibility: accountable, transparent and responsible business behaviour and sustainable growth ” and “Corporate Social Responsibility: promoting society’s interests and a route to sustainable and inclusive recovery” , acknowledged the need to increase transparency in this field and called the Commission to bring forward a legislative proposal.

IMPACT ASSESSMENT: the impact assessment identified two main issues :

1) The inadequate transparency of non-financial information : the analysis has identified both a market and a regulatory failure as underlying causes of the problem. Following the assessment of policy options, the preferred option would be strengthening the existing obligation, by requiring a nonfinancial statement within the Annual Report.

2) The lack of diversity in boards of directors : the most appropriate option, at this stage, would be the disclosure of diversity policy. It is also the option that is preferred by most stakeholders compared to other options such as a compulsory diversity policy or to an action focusing only on recruitment policy.

LEGAL BASIS: Article 50 (1) of the Treaty on the Functioning of the European Union.

CONTENT: the proposal sets a requirement for certain large companies to disclose relevant non-financial and diversity information, ensuring a level playing field across the EU.

It pursues the following key objectives:

to increase the transparency of certain companies, and to increase the relevance, consistency, and comparability of the non-financial information currently disclosed, by strengthening and clarifying the existing requirements ; to increase diversity in the boardrooms of companies through enhanced transparency in order to facilitate an effective oversight of the management and robust governance of the company; to increase the company's accountability and performance, and the efficiency of the Single Market.

The main points of the proposed directive are as follows:

1) Non-financial information : the proposal will require certain large companies to include a statement in their Annual Report including material information relating to at least environmental, social, and employee-related matters, respect of human rights, anti-corruption and bribery matters . Within these areas, the statement will include (i) a description of its policies, (ii) results and (iii) risk-related aspects.

The obligation will only apply to those companies where the average number of employees exceeds 500 , and exceeds either a balance sheet total of EUR 20 million or a net turnover of EUR 40 million. This threshold, higher than the one currently applied within the Accounting Directives (250 employees) limits any undue administrative burden. It is estimated that, on this basis, the new requirement would cover around 18.000 companies in the EU.

2) Diversity : the amendment will require large listed companies to provide information on their diversity policy, including aspects concerning age, gender, geographical diversity, and educational and professional background. The information will be included in the corporate governance statement and will have to contain the objectives of such a policy, its implementation and the results obtained. Companies not having a diversity policy will only be obliged to explain why this is the case.

BUDGETARY IMPLICATIONS: the proposal has no implications for the EU budget.

Documents

Votes

A7-0006/2014 - Raffaele Baldassarre - Résolution législative

2014/04/15 Outcome: +: 599, -: 55, 0: 21
DE FR IT ES PL GB RO BE SE HU BG AT NL SK LT CZ HR FI PT DK IE LV LU SI EE EL MT CY ??
Total
95
68
57
45
45
68
29
20
20
18
15
17
26
13
11
22
11
11
16
11
11
8
6
6
5
10
4
5
2
icon: PPE PPE
236

Czechia PPE

2

Denmark PPE

For (1)

1

Ireland PPE

Abstain (1)

4

Luxembourg PPE

3

Estonia PPE

For (1)

1

Malta PPE

For (1)

1
2
2
icon: S&D S&D
173

Netherlands S&D

3

Finland S&D

2

Ireland S&D

2

Luxembourg S&D

For (1)

1

Estonia S&D

For (1)

1
icon: ALDE ALDE
73

Spain ALDE

1

Slovakia ALDE

For (1)

1

Finland ALDE

2
3

Latvia ALDE

For (1)

1

Luxembourg ALDE

For (1)

1

Slovenia ALDE

2
icon: Verts/ALE Verts/ALE
55

United Kingdom Verts/ALE

5

Austria Verts/ALE

2

Netherlands Verts/ALE

3

Finland Verts/ALE

2

Portugal Verts/ALE

For (1)

1

Denmark Verts/ALE

For (1)

1

Latvia Verts/ALE

1

Luxembourg Verts/ALE

For (1)

1
icon: ECR ECR
53

Belgium ECR

For (1)

1

Netherlands ECR

For (1)

1

Lithuania ECR

1

Croatia ECR

For (1)

1

Latvia ECR

For (1)

1
icon: EFD EFD
27

France EFD

Against (1)

1

Belgium EFD

Abstain (1)

1

Bulgaria EFD

For (1)

1

Netherlands EFD

For (1)

1

Slovakia EFD

For (1)

1

Lithuania EFD

2

Finland EFD

For (1)

1

Denmark EFD

1

Greece EFD

1
icon: NI NI
27

Italy NI

For (1)

Abstain (1)

2

Spain NI

1

Belgium NI

Abstain (1)

1

Hungary NI

1

Ireland NI

For (1)

1
icon: GUE/NGL GUE/NGL
31

France GUE/NGL

4

United Kingdom GUE/NGL

Against (1)

1

Sweden GUE/NGL

Against (1)

1

Netherlands GUE/NGL

Abstain (1)

2

Croatia GUE/NGL

1

Portugal GUE/NGL

3

Denmark GUE/NGL

Against (1)

1

Ireland GUE/NGL

Against (1)

1

Latvia GUE/NGL

Against (1)

1

Cyprus GUE/NGL

1
AmendmentsDossier
641 2013/0110(COD)
2013/10/16 DEVE 173 amendments...
source: PE-521.701
2013/10/24 AFET 113 amendments...
source: PE-521.485
2013/11/06 FEMM 31 amendments...
source: PE-522.760
2013/11/11 ECON 152 amendments...
source: PE-522.938
2013/11/15 JURI 172 amendments...
source: PE-523.052

History

(these mark the time of scraping, not the official date of the change)

activities
  • date: 2013-04-16T00:00:00 docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2013/0207/COM_COM(2013)0207_FR.pdf title: COM(2013)0207 type: Legislative proposal published celexid: CELEX:52013PC0207:EN body: EC commission: DG: url: http://ec.europa.eu/dgs/internal_market/ title: Internal Market and Services Commissioner: BARNIER Michel type: Legislative proposal published
  • date: 2013-05-21T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: False committee: AFET date: 2013-07-08T00:00:00 committee_full: Foreign Affairs rapporteur: group: PPE name: BROK Elmar body: EP responsible: False committee: DEVE date: 2013-05-28T00:00:00 committee_full: Development rapporteur: group: Verts/ALE name: SARGENTINI Judith body: EP responsible: False committee: ECON date: 2013-05-21T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: ALDE name: BOWLES Sharon body: EP responsible: False committee: EMPL date: 2013-05-22T00:00:00 committee_full: Employment and Social Affairs rapporteur: group: S&D name: HOWITT Richard body: EP responsible: False committee_full: Environment, Public Health and Food Safety committee: ENVI body: EP responsible: False committee: FEMM date: 2013-05-29T00:00:00 committee_full: Women's Rights and Gender Equality rapporteur: group: S&D name: KLEVA KEKUŠ Mojca body: EP responsible: False committee: IMCO date: 2013-05-29T00:00:00 committee_full: Internal Market and Consumer Protection rapporteur: group: S&D name: COFFERATI Sergio Gaetano body: EP responsible: False committee: ITRE date: 2013-06-12T00:00:00 committee_full: Industry, Research and Energy rapporteur: group: PPE name: BENDTSEN Bendt body: EP shadows: group: S&D name: COFFERATI Sergio Gaetano group: ALDE name: TAYLOR Rebecca responsible: True committee: JURI date: 2013-05-29T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE name: BALDASSARRE Raffaele
  • date: 2013-12-17T00:00:00 body: EP type: Vote in committee, 1st reading/single reading committees: body: EP responsible: False committee: AFET date: 2013-07-08T00:00:00 committee_full: Foreign Affairs rapporteur: group: PPE name: BROK Elmar body: EP responsible: False committee: DEVE date: 2013-05-28T00:00:00 committee_full: Development rapporteur: group: Verts/ALE name: SARGENTINI Judith body: EP responsible: False committee: ECON date: 2013-05-21T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: ALDE name: BOWLES Sharon body: EP responsible: False committee: EMPL date: 2013-05-22T00:00:00 committee_full: Employment and Social Affairs rapporteur: group: S&D name: HOWITT Richard body: EP responsible: False committee_full: Environment, Public Health and Food Safety committee: ENVI body: EP responsible: False committee: FEMM date: 2013-05-29T00:00:00 committee_full: Women's Rights and Gender Equality rapporteur: group: S&D name: KLEVA KEKUŠ Mojca body: EP responsible: False committee: IMCO date: 2013-05-29T00:00:00 committee_full: Internal Market and Consumer Protection rapporteur: group: S&D name: COFFERATI Sergio Gaetano body: EP responsible: False committee: ITRE date: 2013-06-12T00:00:00 committee_full: Industry, Research and Energy rapporteur: group: PPE name: BENDTSEN Bendt body: EP shadows: group: S&D name: COFFERATI Sergio Gaetano group: ALDE name: TAYLOR Rebecca responsible: True committee: JURI date: 2013-05-29T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE name: BALDASSARRE Raffaele
  • body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2014-0006&language=EN type: Committee report tabled for plenary, 1st reading/single reading title: A7-0006/2014 type: Committee report tabled for plenary, 1st reading/single reading committees: body: EP responsible: False committee: AFET date: 2013-07-08T00:00:00 committee_full: Foreign Affairs rapporteur: group: PPE name: BROK Elmar body: EP responsible: False committee: DEVE date: 2013-05-28T00:00:00 committee_full: Development rapporteur: group: Verts/ALE name: SARGENTINI Judith body: EP responsible: False committee: ECON date: 2013-05-21T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: ALDE name: BOWLES Sharon body: EP responsible: False committee: EMPL date: 2013-05-22T00:00:00 committee_full: Employment and Social Affairs rapporteur: group: S&D name: HOWITT Richard body: EP responsible: False committee_full: Environment, Public Health and Food Safety committee: ENVI body: EP responsible: False committee: FEMM date: 2013-05-29T00:00:00 committee_full: Women's Rights and Gender Equality rapporteur: group: S&D name: KLEVA KEKUŠ Mojca body: EP responsible: False committee: IMCO date: 2013-05-29T00:00:00 committee_full: Internal Market and Consumer Protection rapporteur: group: S&D name: COFFERATI Sergio Gaetano body: EP responsible: False committee: ITRE date: 2013-06-12T00:00:00 committee_full: Industry, Research and Energy rapporteur: group: PPE name: BENDTSEN Bendt body: EP shadows: group: S&D name: COFFERATI Sergio Gaetano group: ALDE name: TAYLOR Rebecca responsible: True committee: JURI date: 2013-05-29T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE name: BALDASSARRE Raffaele date: 2014-01-10T00:00:00
  • date: 2014-04-15T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=23911&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2014-0368 type: Decision by Parliament, 1st reading/single reading title: T7-0368/2014 body: EP type: Results of vote in Parliament
  • date: 2014-09-29T00:00:00 body: CSL type: Council Meeting council: General Affairs meeting_id: 3334
  • date: 2014-09-29T00:00:00 body: EP/CSL type: Act adopted by Council after Parliament's 1st reading
  • date: 2014-10-22T00:00:00 body: CSL type: Final act signed
  • date: 2014-10-22T00:00:00 body: EP type: End of procedure in Parliament
  • date: 2014-11-15T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!CELEXnumdoc&lg=EN&numdoc=32014L0095 title: Directive 2014/95 url: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2014:330:TOC title: OJ L 330 15.11.2014, p. 0001 type: Final act published in Official Journal
commission
  • body: EC dg: Financial Stability, Financial Services and Capital Markets Union commissioner: BARNIER Michel
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Legal Affairs
committee
JURI
date
2013-05-29T00:00:00
rapporteur
name: BALDASSARRE Raffaele group: European People's Party (Christian Democrats) abbr: PPE
shadows
committees/0
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AFET
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Foreign Affairs
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committees/1
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Committee Opinion
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committee_full
Foreign Affairs
committee
AFET
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2013-07-08T00:00:00
rapporteur
name: BROK Elmar group: European People's Party (Christian Democrats) abbr: PPE
committees/1
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2013-05-28T00:00:00
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committees/2
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2013-05-28T00:00:00
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committee
ECON
date
2013-05-21T00:00:00
committee_full
Economic and Monetary Affairs
rapporteur
group: ALDE name: BOWLES Sharon
committees/3
type
Committee Opinion
body
EP
associated
False
committee_full
Economic and Monetary Affairs
committee
ECON
date
2013-05-21T00:00:00
rapporteur
name: BOWLES Sharon group: Alliance of Liberals and Democrats for Europe abbr: ALDE
committees/3
body
EP
responsible
False
committee
EMPL
date
2013-05-22T00:00:00
committee_full
Employment and Social Affairs
rapporteur
group: S&D name: HOWITT Richard
committees/4
type
Committee Opinion
body
EP
associated
False
committee_full
Employment and Social Affairs
committee
EMPL
date
2013-05-22T00:00:00
rapporteur
name: HOWITT Richard group: Progressive Alliance of Socialists and Democrats abbr: S&D
committees/4
body
EP
responsible
False
committee_full
Environment, Public Health and Food Safety
committee
ENVI
committees/5
type
Committee Opinion
body
EP
associated
False
committee_full
Environment, Public Health and Food Safety
committee
ENVI
opinion
False
committees/5
body
EP
responsible
False
committee
FEMM
date
2013-05-29T00:00:00
committee_full
Women's Rights and Gender Equality
rapporteur
group: S&D name: KLEVA KEKUŠ Mojca
committees/6
type
Committee Opinion
body
EP
associated
False
committee_full
Industry, Research and Energy
committee
ITRE
date
2013-06-12T00:00:00
rapporteur
name: BENDTSEN Bendt group: European People's Party (Christian Democrats) abbr: PPE
committees/6
body
EP
responsible
False
committee
IMCO
date
2013-05-29T00:00:00
committee_full
Internal Market and Consumer Protection
rapporteur
group: S&D name: COFFERATI Sergio Gaetano
committees/7
type
Committee Opinion
body
EP
associated
False
committee_full
Internal Market and Consumer Protection
committee
IMCO
date
2013-05-29T00:00:00
rapporteur
name: COFFERATI Sergio Gaetano group: Progressive Alliance of Socialists and Democrats abbr: S&D
committees/7
body
EP
responsible
False
committee
ITRE
date
2013-06-12T00:00:00
committee_full
Industry, Research and Energy
rapporteur
group: PPE name: BENDTSEN Bendt
committees/8
type
Committee Opinion
body
EP
associated
False
committee_full
Women's Rights and Gender Equality
committee
FEMM
date
2013-05-29T00:00:00
rapporteur
name: KLEVA KEKUŠ Mojca group: Progressive Alliance of Socialists and Democrats abbr: S&D
committees/8
body
EP
shadows
responsible
True
committee
JURI
date
2013-05-29T00:00:00
committee_full
Legal Affairs
rapporteur
group: PPE name: BALDASSARRE Raffaele
council
  • body: CSL type: Council Meeting council: General Affairs meeting_id: 3334 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=3334*&MEET_DATE=29/09/2014 date: 2014-09-29T00:00:00
docs
  • date: 2013-04-16T00:00:00 docs: url: https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SWD:2013:0127:FIN:EN:PDF title: EUR-Lex title: SWD(2013)0127 type: Document attached to the procedure body: EC
  • date: 2013-04-16T00:00:00 docs: url: https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SWD:2013:0128:FIN:EN:PDF title: EUR-Lex title: SWD(2013)0128 type: Document attached to the procedure body: EC
  • date: 2013-07-11T00:00:00 docs: url: https://dm.eesc.europa.eu/EESCDocumentSearch/Pages/redresults.aspx?k=(documenttype:AC)(documentnumber:3548)(documentyear:2013)(documentlanguage:EN) title: CES3548/2013 type: Economic and Social Committee: opinion, report body: ESC
  • date: 2013-10-17T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE521.714 title: PE521.714 type: Committee draft report body: EP
  • date: 2013-11-11T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE519.686&secondRef=02 title: PE519.686 committee: DEVE type: Committee opinion body: EP
  • date: 2013-11-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE523.052 title: PE523.052 type: Amendments tabled in committee body: EP
  • date: 2013-11-28T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.784&secondRef=02 title: PE516.784 committee: AFET type: Committee opinion body: EP
  • date: 2013-11-28T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE519.762&secondRef=02 title: PE519.762 committee: FEMM type: Committee opinion body: EP
  • date: 2013-11-29T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.976&secondRef=02 title: PE516.976 committee: IMCO type: Committee opinion body: EP
  • date: 2013-12-02T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.970&secondRef=02 title: PE516.970 committee: ITRE type: Committee opinion body: EP
  • date: 2013-12-10T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE519.836&secondRef=03 title: PE519.836 committee: EMPL type: Committee opinion body: EP
  • date: 2013-12-11T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE519.575&secondRef=02 title: PE519.575 committee: ECON type: Committee opinion body: EP
  • date: 2014-04-08T00:00:00 docs: title: PE532.400 type: Amendments tabled in committee body: EP
  • date: 2014-07-09T00:00:00 docs: url: /oeil/spdoc.do?i=23911&j=0&l=en title: SP(2014)471 type: Commission response to text adopted in plenary
  • date: 2014-10-22T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=[%n4]%2F14&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 00047/2014/LEX type: Draft final act body: CSL
  • date: 2014-03-03T00:00:00 docs: url: http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2013)0207 title: COM(2013)0207 type: Contribution body: FR_ASSEMBLY
  • date: 2013-06-12T00:00:00 docs: url: http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2013)0207 title: COM(2013)0207 type: Contribution body: DE_BUNDESRAT
  • date: 2013-06-28T00:00:00 docs: url: http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2013)0207 title: COM(2013)0207 type: Contribution body: ES_PARLIAMENT
  • date: 2013-06-18T00:00:00 docs: url: http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2013)0207 title: COM(2013)0207 type: Contribution body: PT_PARLIAMENT
events
  • date: 2013-04-16T00:00:00 type: Legislative proposal published body: EC docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2013/0207/COM_COM(2013)0207_FR.pdf title: COM(2013)0207 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2013&nu_doc=207 title: EUR-Lex summary: PURPOSE: to increase the relevance, consistency, and comparability of non-financial information published by undertakings across the Union. PROPOSED ACT: Directive of the European Parliament and of the Council (amendment of Council Directives 78/660/EE and 83/349/EEC). ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: the approach currently taken in the Accounting Directives on the publication of non-financial information has not produced the desired results. It is estimated that only a limited number of large companies (2500 out of the total of 42000 in the EU) regularly publish non-financial information. The quality of the information disclosed varies, making it difficult for investors and stakeholders to understand and compare companies’ position and performance. Furthermore, national requirements are significantly diverse, which adds to the lack of clarity for companies and investors who operate across the Internal Market. In addition, insufficient diversity in boards may lead to a similarity of views of the members of the board of directors and more resistance to innovative ideas. The need to improve the transparency of the social and environmental information provided by companies in all sectors, in order to ensure a level playing field, has been acknowledged by the Commission in the Single Market Act and was reiterated in the Communication "A renewed strategy 2011 – 2014 for Corporate Social Responsibility". The European Parliament, in its two resolutions on “Corporate Social Responsibility: accountable, transparent and responsible business behaviour and sustainable growth ” and “Corporate Social Responsibility: promoting society’s interests and a route to sustainable and inclusive recovery” , acknowledged the need to increase transparency in this field and called the Commission to bring forward a legislative proposal. IMPACT ASSESSMENT: the impact assessment identified two main issues : 1) The inadequate transparency of non-financial information : the analysis has identified both a market and a regulatory failure as underlying causes of the problem. Following the assessment of poli