Reporting Requirements on „Diversity“ and „Non-financial Risks“ (Directive)

The Commission wants to expand Corporate Social Responsibilities (CSR) and at the same time commit companies to greater transparency. Large and medium-sized companies should therefore be required to report on „non-financial risks“ on one hand, and on the other, report on its diversity policies for the appointment to management and supervisory bodies.


The Commission’s proposal for a Directive is – at least preliminary- doomed to fail, since the Directives to be amended have been revoked. Moreover, the reporting requirement for the company-specific diversity policies will take companies to include variables in its personnel policies that are insignificant to its success. Adding to that, the EU have no competence to introduce such requirement.