Environmental reporting for firms to be more important under new EU rules

Under new proposals, reporting of environmental impacts and activities of businesses will be on a par with financial information, says EU Commissioner Mairead McGuinness

Daniel Murray

Political Correspondent @danieltmurray
25th April, 2021
Environmental reporting for firms to be more important under new EU rules
Mairead McGuinness was speaking following the launch of a suite of proposals by the European Commission last week on sustainable finance, non-financial reporting for businesses and climate governance for boards

New EU rules will put environmental information on a par with financial information for large companies’ annual reports, Mairead McGuinness has said.

The EU Commissioner for Financial Stability was supported in her comments by Christine Lagarde, president of the European Central Bank, who said there was an “information gap” when it came to the environmental impacts and activities of businesses.

McGuinness and Lagarde were also joined on a Bloomberg-hosted discussion on climate...

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