Extra-financial reporting – from soft to hard law!
Social responsibility is often the anteroom of law. The context of extra-financial reporting is evolving rapidly. If the reporting guidelines contained in the GRI, IIRC or the UN Global Compact can be considered as soft law, the EU has decided to scale this practice up into hard law. The recent adoption of the EU Directive by the European Parliament on the disclosure of non-financial and diversity information is seen by some organisations as an extra cost, while others envision this an opportunity to raise their company profile on new dimensions.
We follow the evolution of the transcription of the directive into Belgian law closely, and share our expertise with the legislation to result in a fair, ambitions and adequate Belgian law. We will be ready in 2016 to help new organisation make their extra-financial reporting in line with the legal requirements.