A comprehensive overview of how Member States are implementing the EU Directive on Non-financial and Diversity Information
The last two years have been a defining time for corporate non-financial reporting in Europe. The introduction of the EU Directive on the disclosure of non-financial and diversity information (Directive 2014/95/EU) has set a clear course towards greater business transparency and accountability on social and environmental issues. However, now that the deadline for the 28 EU Member States to transpose the Directive into their own national legislations has passed (6 December 2016), certain important questions loom on the horizon. Amongst these, from a policy perspective:
· What do we know about the process of Member State actions to translate the Directive 2014/95/EU into national-level laws?
· And how do we see the policy landscape on non-financial disclosures evolving in the future?
· And also, what does this mean for the companies who will have new reporting obligations in Europe?
Through this publication, we also address the following questions:
• What are the main requirements of the transposed national laws concerning the Directive 2014/95/EU in each of the Member States (in terms of scope, reporting topics, reporting features, and additional aspects such as assurance obligations and the application of fines)?
• What are the similarities and differences between the national-level transpositions of the Directive across Member States?
In drafting this publication, we have engaged different actors from across Europe, to emphasise that different stakeholders, including corporations, governments, European institutions as well as civil society organisations from all over Europe, can join our platform to share, discuss and advance the potential of corporate reporting.
By: GRI, CSR Europe, and Accountancy Europe
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