Carbon consultancy welcomes EU reform to strengthen corporate accountability
The European Parliament has passed new legislation to improve corporate accountability and transparency concerning businesses’ activities on the environment, human rights and society.
The reform will require companies to disclose information about the policies they have in place to assess risks and prevent adverse impacts of business operations. This non-financial information will be disclosed in annual management reports and will include supply chain details.
EU member states have two years to implement the reform into their national legislation. At Concept Energy Solutions, as specialists in carbon reporting, we have always emphasised how important it is for businesses to understand their social and environmental impact.
Concept Energy is a footprint reporting firm and Peter Stockwell, one of our directors, says: “As an energy monitoring and targeting expert, we know that you need to measure key indicators to create effective sustainable change.”
He adds: “Our experience with carbon reduction has demonstrated that being aware of environmental impact improves efficiency and cuts costs. This new legislation will enable companies to identify where and how they can make changes that will benefit people and the planet, as well as their own bottom line.”