EU flagThe European Parliament has passed a historic law that makes it mandatory for the largest companies in Europe to include sustainability factors as an integral part of their annual financial reporting. The law, which was passed with a thumping majority vote of 599-55, will apply to publicly traded companies employing more than 500 workers.

The law, first proposed in 1999, will require these companies to report on policies, risks and results with regard to social, environmental and human rights impact, diversity and anti-corruption policies in their annual reports.

The fact is that companies will be more responsible for the enironment and society if their practices are transparent.

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