This article was originally published on CDSB's website following the release of its EU environmental reporting handbook.
From 2016, certain companies in EU Member States are required to report non-financial information in their management report, but what could this look like?
The Directive 2014/95/EU on the disclosure of non-financial and diversity information (NFR Directive), amends the Accounting Directive 2013/34/EU to require certain large companies to disclose information on policies, risks and outcomes as regards environmental matters, social and employee aspects, respect for human rights, anti-corruption and bribery issues, and diversity in their board of directors.
As governments work on the transposition of the directive, this handbook sets out a series of examples from annual reports of European companies to show how companies could respond to these upcoming requirements.
These examples are for illustrative purposes only and are designed to help companies develop their reporting practice in line with the expectations of the NFR Directive.
The requirements of the NFR Directive are mapped to the corresponding requirements and principles of the CDSB Framework, as well as the corresponding questions of the CDP Climate, Forest and Water Information Requests to help companies reduce the reporting burden and ensure that information is connected across various reporting channels.
Recommendations throughout the handbook provide additional tips and highlight examples that are especially useful in providing decision-useful information. The examples are focused solely on environmental matters, but some recommendations may also be useful for reporting other non-financial information.
To read the original article, visit CDSB's website.