The Federation of European Accountants (FEE) has recently issued a position paper summarizing the requirements of the EU Directive on disclosure of non-financial and diversity information, which should be transposed into Member States’ national laws by 6 December 2016. Companies in the scope of this Directive shall have to comply with the new national regulations from 2017 onwards, based on the non-binding guidelines which are being prepared by the European Commission.
FEE paper, that is available online here, discusses the most significant issues around implementing the requirements, and provides some real-world examples of how such environmental, social and governance disclosure requirements can be met.
The Directive shall require around 6,000 large European companies to disclose information at least on environmental, social, and employee-related matters, as well as on the respect for human rights, anti-corruption, and bribery issues.
