Extracts from the press conference by Michel Barnier on Directive on non-financial reporting and Green paper on disaster insurance
Type: Summary of press conference
Strasbourg - EP/Louise Weiss
On 16 April 2013, Michel Barnier, Member of the EC in charge of Internal Market and Services, presented the text adopted by the European Commission concerning Directive on non-financial reporting, at the European Parliament, in Strastbourg.
The Fourth Company Law Directive was amended in 2003 to require companies to include, where appropriate, key performance indicators (KPIs) information relating to environmental and employee matters in their annual report to the extent necessary for an understanding of the company's development, performance or position. Member States, however, may exempt small and medium-sized companies from this disclosure obligation.
On this occasion, Michel Barnier also presented the Green paper on disaster insurance adopted by the European Commission.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Arrival of Michel Barnier, Member of the EC in charge of Internal Market and Services, to the press conference at the European Parliament in Strasbourg
||Soundbite by Michel Barnier (in FRENCH) saying that the text adopted by the European Commission which will be discussed, means that large companies with more than 500 employees across Europe, whether they are on the stock market or not, will be forced to publish annual information on what they do in the area of environmental protection, social protection and in matters related to diversity not just as regards the implement of women but also diversity across a career path.
||Soundbite by Michel Barnier (in FRENCH) saying that, when it comes to diversity, only large public companies on the stock market will be concerned.
||Soundbite by Michel Barnier (in FRENCH) saying that large public companies on the stock market will be obliged to publish information on their diversity policies regarding gender equality, geographic diversity as well as the professional and educational path followed by their employees.
||Soundbite by Michel Barnier (in FRENCH) saying that they particularly want to work 5 aspects in this public debate which is open until the 30th of June, looking at natural disasters coverage across Europe. They have got a good overview of national responses, the sharing of mutualisation of a natural risk raising awareness of the nature of theses disasters. Then, they will look on how to develop a network of experts assessing risks and damages.
||Soundbite by Michel Barnier (in FRENCH) saying that he would like that with the insurance sector, they could provide a better coverage for these large disasters whether they are man-made or natural. The last natural disaster showed very clearly that, with climate change, this will become more and more frequent and disaster management is something that has been tackled in the EU and around the world.
||Michel Barnier leaving the press conference