Non-Financial Reporting Directive
Environmental, social and governance concerns (ESG) - European Union.
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.