The European Union has adopted a proposal concerning increased reporting requirements of bigger corporations’ work with Corporate Social Responsibility, CSR. This proposal for a new EU directive has been prepared. The idea is that corporations are responsible for reporting their CSR-work, which is said to simplify for investors and create growth. However, the consequences in poor countries of such increased reporting requirements have not been discussed. The report sheds light on possible negative effects of the new EU-directive.
Adam Sandberg has a law degree and works in the financial sector. He is interested in CSR and has previously written about its impact on corporate governance.