Ugo Bassi, the European Commissions Director for Capital and Companies recently announced that about 2,500 large EU companies currently disclose environmental and social information on a regular basis 10% of large, listed EU businesses. The plan, according to Bassi, is to target around 18,000 large companies in 2014/15, through the provision of a more stringent set of rules. Understandably, this has not gone down well in some business circles.
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