Non-Financial Reporting Directive: Difference between revisions
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imported>Doug Williamson (Create page. Source: ACT blog. https://www.treasurers.org/hub/blog/what-is-new-in-the-esg-space) |
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Revision as of 16:05, 9 September 2020
Environmental, social and governance concerns (ESG) - European Union.
(NFRD).
The European Union's Non-Financial Reporting Directive is effective from January 2021.
The Regulation significantly expands the scope of sustainability disclosures as it introduces additional reporting requirements for large organisations.
Financial and non-financial companies that fall under the scope of the NFRD will have to disclose information on how and to what extent their activities are associated with environmentally sustainable economic activities.