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.
