Audit, Compliance and Risk Blog

European Union Non-Financial Reporting Directive requirements

Posted by Jon Elliott on Tue, Apr 25, 2023

Beginning in 2018 with reporting of 2017 data, the European Union’s (EU’s) Non-Financial Reporting Directive (NFRD) requires targeted companies to provide information to help shareholders and other interests to understand risks faced by the company, and to summarize the company’s activities regarding a variety of social and environmental issues. These requirements will be superseded during 2025-2029 by a new Corporate Sustainability Reporting Directive (CSRD) that clarifies and expands NFRD requirements. The remainder of this note summarizes existing NFRD requirements.

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Tags: European Union, NFRD, CSRD, EU