DISCLOSURE OF NON-FINANCIAL INFORMATION

Directive 2014/95/EU ‘requires certain large companies to disclose relevant non-financial information to provide investors and other stakeholders with a more complete picture of their development, performance and position and of the impact of their activity. (…) Such companies are required to give a review of policies, principal risks and outcomes, including on: environmental matters; social and employees aspects; respect for human rights; anti-corruption and bribery issues; diversity on boards of directors. (…) If companies do not have a policy on one of these areas, the non-financial statement should explain why not. (…) Companies are given the freedom to disclose this information in the way they find useful or in a separate report. In preparing their statements, companies may use national, European or international guidelines such as the UN Global Compact.  [Source: http://eur-lex.europa.eu].

Pursuant Article 2, Directive 2014/95/EU and following a public consultation, the Commission has made available non-binding guidelines on methodology for reporting non-financial information, with a view to facilitating relevant, useful and comparable disclosure. In doing so, the Commission has taken into account best practices, relevant developments and the results of related initiatives, both within the EU and at international level.