BSR Insight | France to Update CSR Reporting Law in May
With France poised to renew its CSR reporting law next month (it will apply starting January 1, 2013), it’s a good time for companies with operations in France to consider how the changes could affect them. Later this year, BSR will publish a paper on the implications of the new law. In the meantime, here’s a primer: What the law will cover: Article 225 updates France’s 2002 New Economic Regulation, which requires reporting on 32 social, environmental, and governance indicators, including employment figures, waste management, and anti-corruption practices. The new law calls for six new indicators: diversity and equal opportunity, climate change, stakeholder relations, social and environmental issues in procurement, consumer safety and health, and human rights. Which companies the law will affect: The law applies to all business entities with more than 500 employees and €100 million (approximately US$131 million) in revenue that have operations in France—including corporations (SAs) and publicly traded partnerships (SCAs). Other entities—most notably LLCs (SARLs) and wholly owned subsidiaries (SASs)—are not affected by the current draft of the law, but this portion of the law is under review.
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