Affiliation:
1. DEGEIT, Universidade de Aveiro, Portugal
2. ISCA-UA and GOVCOPP, University of Aveiro, Portugal
Abstract
Business conduct incidents like corruption have become a global ethical problem. In line with the suggested amendments to Directive 2014/95/EU, which resulted in the new corporate sustainability reporting directive, the European Commission has appointed the European Financial Reporting Advisory Group (EFRAG) to establish European sustainability reporting standards (ESRS). This study draws on the recent ESRS G1 Business Conduct published by EFRAG, which requires disclosure of information related to the prevention and detection of corruption and bribery, to provide a comprehensive analysis of this topic. To this end, several existing definitions of “corruption” and related terms are presented, and an overview of the European initiatives on disclosure of information on business conduct is provided. This research aims to contribute to a greater knowledge of the subject of corruption, opening the way for professionals and academics who are interested in the subject.
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