EU-wide task force appointed as NFRD reform gathers pace

The European Commission has officially mandated the European Financial Reporting Advisory Group (EFRAG) to provide recommendations for updating non-financial reporting standards. In an open letter, European Commission Executive Vice President Valdis Dombrovskis issued a request for technical advice to EFRAG following the conclusion of a recent consultation for revising the Non-Financial Reporting Directive (NFRD). This […]

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French regulator demands broader scope for non-financial reporting

French regulator demands broader scope for non-financial reporting The French securities regulator, AMF, has asked the European Commission to make all companies, irrespective of size, disclose harmonised ESG data under the EU Non-Financial Reporting Directive. The Autorité des marchés financiers (AMF), explaining its reasoning in a response to the commission’s call for feedback on the […]

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ESG factors emerging markets

Companies commit to standardised ESG data reporting More than 140 of the world’s largest companies are set to sign up to new set of non-financial reporting disclosures, which will chart their performance on ESG metrics such as greenhouse gas emissions, diversity, and employee wellbeing. The World Economic Forum’s International Business Council is co-ordinating the new […]

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European Court of Justice Germany

The European Commission has adopted guidelines on the disclosure of environmental and social information. The Commission said they will help companies to disclose relevant non-financial information in a consistent and more comparable manner. These guidelines have been published as companies prepare to apply the EU’s Directive on Non-financial Reporting. The directive entered into force in […]

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