More responsible businesses can foster more growth in Europe

Financial markets

The European Commission has presented a package of measures to support entrepreneurship and responsible business. First, the Social Business Initiative will help companies that address social objectives as their corporate aim to fulfil their unexploited potential. This initiative is complemented by a new strategy for corporate social responsibility. The Commission has also proposed to revise the 'Accounting' directives and the 'Transparency' directive. This will improve transparency and promote sustainable business among multinationals - in particular those in the forest and mining industries - and will simplify accounting rules for SMEs, allowing them to save up to €1.7 billion per year.

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Social Business Initiative:


Communication on Corporate Social Responsibility


Proposal to revise the Transparency Directive:


Proposal to revise the Accounting Directives: