Increasingly, investors use non-financial information to inform financial decision making. The quality and quantity of non-financial reporting however varies significantly from business to business. The EU Non-Financial Reporting Directive (NFRD) intends to align non-financial reporting throughout Europe and the UK to increase transparency and improve the comparability of the non-financial information disclosed by large businesses.
It is now mandatory for qualifying organisations to report on a range of non-financial matters, including environmental, social, employee, human rights and anti-corruption & bribery.
The EU NFRD was introduced by the EU in early 2014 and transposed into UK law in late 2016. The EU NFRD applies to all financial years starting on or after 1st January 2017. In line with the Companies Act 2006, organisations then have 6 months after the end of that financial year to file its accounts. The earliest that qualifying organisations will therefore need to comply with the regulations is mid-2018.
To learn whether your organisation qualifies, how to comply and more, download our FREE EU NFRD guide by entering your email to the form below or just give us a call for an informal conversation.