Large nonlisted companies such as commodities giant Cargill or grocer Aldi could have to publish details of their climate impact under revisions to nonfinancial reporting law being considered by the European Commission.
A likely proposal to change the 2014 law would also make environmental reports for listed and non-listed companies more subject to scrutiny by boards, auditors and securities market supervisors, according to an official in the EU executive's financial services arm.
One option under consideration is to include large companies within the scope of the reporting directive, even if they are not listed on a stock exchange, MLex understands. They may not need to justify themselves to shareholders, but there may be a wider public interest in being open about environmental impacts.
Nonlisted companies may face EU environmental reporting obligations, official says
7 July 2019 10:11am