The EU has just released a consultation (Deadline: 15th April 2016) in light of a Directive on non-financial reporting, which came into force in December 2014 and can be seen here in full.
The Directive aims to improve the transparency of large EU companies regarding their environmental and social impacts.
This is an excellent opportunity to promote social enterprise sector´s traditions of accountability and transparency to all stakeholders. Anyone with an interest in social and environmental impact reporting is encouraged to take a look and contribute their views.
Paragraph 17 in the Non-Financial Reporting Directive specifies that the Commission should draw up non-binding guidelines in order to facilitate the reporting of non-financial information.
The consultation takes the form of a questionnaire, and can be accessed on the website of the European Commission here.
The objective of the consultation
The purpose of this public consultation is to collect views from stakeholders on non-binding guidance on methodology for reporting of non-financial information by certain large companies across all sectors following article 2 of Directive 2014/95/EU on disclosure of non-financial and diversity information by certain large undertakings and groups.
Target groups of the consultation
All citizens, companies, investors, organisations and public authorities are welcome to contribute to this consultation. Contributions are particularly sought from respondents which have an interest and/or expertise in the reporting of non-financial information by companies.