Business and Human Rights Update

Business and Human Rights Update

January 18, 2017, Covington Alert

The push to improve business “non-financial reporting” of human rights and environmental practices has gained significant momentum over recent months, with the implementation of EU Directive 2014/05/EU and the new Global Reporting Initiative (GRI) Standards to promote and shape the future of corporate reporting on sustainability. Stock exchanges in around 45 countries now require or encourage corporate sustainability disclosures—with Singapore the latest to implement “comply or explain” rules in July 2016.