Accountability, Ethics and Sustainability of Organizations by Unknown

Author:Unknown
Language: eng
Format: epub
ISBN: 9783030311933
Publisher: Springer International Publishing

Principles

Explanation

“Disclose material information” principle

• Firms are expected to provide information whose omission or misstatement could influence decisions that relevant stakeholders make on the basis of that disclosure.

• Companies should disclose the impacts, both positive and negative, of their business activities.

• In order to assess information’s materiality, corporations have to examine their context as well as the specific circumstances their business has been experiencing.

• The Guidelines list a number of relevant factors for the materiality assessment (The European Commission 2017, p. 6): business model, strategy and principal risks; main sectoral issues; interests and expectations of relevant stakeholders; impact of the activities; public policy and regulatory drivers.

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