Regulation details

by | 2016

The present bill is updating the scope and the object of the project presented in 2015 on the same theme. To be considered Socially Responsible, the institutions should have a Code of Conduct and develop a Social Balance/Sustainability Report. The project also requires that Report to be reviewed by an independent insurance company. The document makes reporting mandatory for companies with state or mixed capital and private commercial companies wishing to participate in public tenders. For all other organizations, this will be voluntary. The document makes reporting mandatory for companies with state or mixed capital and private commercial companies wishing to participate in public tenders. For all other organizations, this will be voluntary.

Obligation to comply
Mandatory

Type of regulation
Code of conduct or guideline

The geographical scope
National/federal

Theme(s)

Environmental

the institutions should have a Code of Conduct and develop a Social Balance/Sustainability Report.

Social

the institutions should have a Code of Conduct and develop a Social Balance/Sustainability Report.

Governance

the institutions should have a Code of Conduct and develop a Social Balance/Sustainability Report.

Organizations covered by the regulation

  • Large listed companies
  • Large unlisted companies
  • State owned companies
  • Medium and/or small companies

Companies with state or mixed capital and private commercial companies wishting to participate in public tenders

Aspects of Sustainability performance the regulation requires the organization to report on
Specific environmental, social, governance factors

Industry sectors covered by the regulation
All/none specified

Project Partners