Mandated corporate social responsibility reporting: coming soon to a country regulating you

Source: Lexology, 25 August 2014

Disclosure of environmental, human rights and social risks is moving from its home between the glossy pages of voluntary reports into the hard-nosed realm of mandatory legal requirements, as evidenced by recent developments in the European Union and India. Corporate social responsibility ("CSR") reports have proliferated in the past decade, but companies have largely disclosed environmental and social information in response to public or internal pressure and not because they were required to do so by law. Developments in the EU, India and China, which are significant markets for many multinational companies, represent what now is a growing trend toward compelling greater transparency in corporate reporting of nonfinancial risks and policies.
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