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Sigurt Vitols Today the European Commission publishes a proposal for a directive on sustainability reporting, which would massively overhaul the current European Union framework for corporate disclosures on environmental and social issues. This is a long overdue step, essential to improve stakeholders’ ability to monitor companies’ contribution to the European Green Deal and ‘social Europe’. The draft however contains shortcomings, which will need to be remedied if genuine progress is to be made.   The proposal is designed to respond to widespread dissatisfaction with the quality, relevance, comparability and reliability of information provided by companies under the current disclosure regime, regulated by the 2014 Non-financial Reporting Directive (NFRD). As demonstrated by the Alliance for Corporate Transparency, most companies do not provide the information that trade unions, non-governmental organisations and other stakeholders need, to understand their impacts on the

Sigurt vitolsEuropean unionEuropean commissionAlliance for corporate transparencyEuropean green dealReporting directiveCorporate transparencySustainability reporting directiveஐரோப்பிய தொழிற்சங்கம்ஐரோப்பிய தரகுகூட்டணி க்கு பெருநிறுவன வெளிப்படைத்தன்மைஐரோப்பிய பச்சை ஒப்பந்தம்புகாரளித்தல் உத்தரவுபெருநிறுவன வெளிப்படைத்தன்மை