Alberto Andreu: "Pasamos de la comunicación a la rendición de cuentas"

What is the Transition from Communication to Accountability?

Understanding Corporate Accountability

• The discussion begins with the importance of transitioning from mere communication to accountability, emphasizing the need for companies to value their public commitments and inform stakeholders about compliance levels.

• Transparency is highlighted as a fundamental principle; it’s crucial for organizations to demonstrate how well they meet their commitments to stakeholders, reinforcing the idea that accountability involves fulfilling or explaining actions.

Historical Context of Corporate Social Responsibility (CSR)

• An interesting point raised is the timeline of CSR development since 1996, noting significant milestones such as the introduction of GRI, Global Compact, and various indices that have shaped institutional frameworks around CSR.

• A pivotal change occurred in 2014 with Spain's approval of the Capital Companies Act and Non-Financial Reporting Directive. This marked a shift where sustainability reports became mandatory for certain companies, requiring specific indicators to be included in management reports and subject to verification by third-party auditors.