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EU non-financial reporting: directives and consultations

Paul Hodgson | March 9, 2016

The Non-Financial Reporting Directive came into force on 6 December 2014, giving EU member states two years to transpose it into national law. Thus, by December of this year, all member states should have adopted legislation requiring non-financial reporting and will begin publishing such reports in 2018 based on fiscal year 2017. The Directive applies to what are termed Public Interest Entities,in other words those public companies with an average of 500 employees.

The U.K. government is committed to the proposed timetable but, in the meantime, the U.K. Department for Business, Innovation, and Skills launched a two-part consultation in February this year. The first part of the consultation raises questions about the approach to implementing the Directive, with the aim of raising awareness and seeking views on the...

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