Netherlands Council for Annual Reporting – Statement 2009-7, 2009

Netherlands Current 2009

Pursuant to an article in the Dutch Civil Code implementing provisions of the EU Accounts Modernisation Directive, the Netherlands Council for Annual Reporting (‘Raad voor de Jaarverslaggeving’) adopted an explanatory guideline on the application of the article (‘Ontwerp-Richtlijn 400 Jaarverslag en concept Handreiking voor Maatschappelijke verslaggeving’). The guideline is reviewed regularly, and now includes recommendations on supply chain disclosure and due diligence. Its application is furthermore extended to pension funds, while small and medium size enterprises are exempted. Listed companies in the Netherlands are subject to a more boldly formulated provision in the Dutch corporate governance code (‘Code Tabaksblat’), whereby the management board shall report in the annual report on corporate social responsibility issues but only insofar as the company deems the particular issues as relevant (material). Dutch companies that participate in trade missions or receive any other forms of government support are required to report specifically on the observance of relevant International Labor Organization (ILO) Conventions on child labor and forced labor within their own operations and at the ‘first essential supplier’.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All organizations except those in the public sector - medium and large enterprises

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners