Thread by @EUCorpReporting

"How can non-financial information reporting work for SMEs?" Looking forward to hearing @larawoltersEU keynote speech at the event organised by @AccountancyEU @ACCANews @EACB_News @SMEunited

#sustainability

.@larawoltersEU "Banks and investors are requiring more information on companies' due diligence and non-financial reporting. This can lead to cheaper loans"

#NFR #UNPG #disclosure

.@larawoltersEU at @AccountancyEU event: SMEs should be covered by #humanrights and #environmental due diligence legislation under proportionality principle and using a #risk based approach; guidelines should be produced & if possible supporting funds could be considered

⬆️Our analysis on the disclosures 1000 companies showed that 1/4 reported #humanrights risks (out of 56.6% that acknowledge existence of such risks), yet only 14.6% report on the actual impacts & merely 3.6% explain the outcomes of the risks management
bit.ly/2HdISq6

.@larawoltersEU stresses in her intervention that behavioural changes for companies are needed. Responding to concerns of pressure on SMEs "If we get due diligence right, it actually makes things easier for the NFRD reform & #corpgov proposal"

@ECCJcorpjust