4 March, 2021

Non-Financial Reporting Directive: embracing the challenge

Boards must understand the importance of sustainability and long-term value to their businesses, and that means taking non-ﬁnancial reporting requirements more seriously.

Image: Shutterstock

Non-financial reporting requirements are nothing new for Europe’s listed companies, yet regulators and investors feel that many still don’t get it. The EU Non-Financial Reporting Directive (NFRD) is the latest attempt to persuade companies to integrate sustainability, amongst other areas, into key business structures and processes, and report what they are doing to tackle these key risks. The ethos behind the NFRD is the same as the UK’s Strategic Report (introduced in 2013), says Richard Karmel, head of sustainability at Mazars UK. “Many UK companies are still missing the point. They are approaching this reporting

Want to read more? Register with a few details to continue reading this article or log in.

For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda

Anthony Carey, anti-bribery and corruption, due diligence, EU Non-Financial Reporting Directive, health and safety, human rights, long term value, mazars, Richard Karmel, strategy, Summer 2017, sustainable business