How does corporate non-financial reporting contribute to the UN Sustainable Development Goals? David Szafran opens the annual panel session on corporate reporting at UNCTAD
(Geneva, 1 November 2017)
During the UN session on corporate reporting, focusing on the UN Sustainable Development Goals, David Szafran from Eubelius described how Belgium has implemented EU requirements for certain large companies to disclose non-financial information. This information relates to environmental and social matters, respect for human rights, anti-corruption and bribery issues, and diversity in the board of directors.
In this context, the EU also recognises international guidelines such as the UN Global Compact.
The developments in Belgium and in the EU illustrate how enhancing corporate transparency contributes to achieving the UN Sustainable Development Goals.
More information and documents on the session of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) at the United Nations Conference on Trade and Development (UNCTAD, Geneva) focusing on the UN Sustainable Development Goals are available here: http://isar.unctad.org/isar-34/
These initiatives are aimed at enhancing corporate social responsibility, sustainable development and business continuity. Non-financial disclosure requirements may impact the liability of directors and CEOs, and companies are expected to adapt their internal organisation, board governance, communication and reporting to multiple stakeholders.
For further information, please contact:
David Szafran - Counsel
