Council of Ministers Resolution, No 49/2007

Portugal Current 2007

The Portuguese Government encourages all public companies to develop a sustainability strategy and to adopt sustainability practices. This Resolution of the Council of Ministers, N. º 49 of 28 March 2007, approved the Principles of Good Governance of public companies, according to which companies are compelled to include in their annual report and accounts a sustainability analysis in the corporate governance section. The aim is for these companies to implement high performance business models, contributing to the dissemination of good practices in the sustainability area. This includes the adoption of a sustainability strategy covering the economic, environmental and social areas.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Large listed companies

Type of instrument

Recommendation

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners