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.
Industry sectors covered by the instrument
Organizations covered by the instrument
Large listed companies
Type of instrument
Mandatory or voluntary
The geographical scope