Statement on the draft amendment of the Austrian Commercial Code – Implementation of the EU Directive on Non-Financial Reporting
The Ludwig Boltzmann Institute of Human Rights submitted a statement concerning the draft amendments of the Austrian Commercial Act. By the amendments, the EU Directive on non-financial reporting should be implemented. Companies fulfilling certain criteria will have to publish non-financial reports. These reports also have to discuss measures of the company in relation to respect for human rights. BIM’s statement tackles the question to which extent suppliers have to be covered in the report. Furthermore, reports should also encompass measures of companies to prevent labour exploitation in supply chains. The statement is available in German only.