Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » Brussels looks to plug ‘sustainability reporting gap’ for large companies

    Brussels looks to plug ‘sustainability reporting gap’ for large companies

    npsBy nps21 February 2020Updated:25 June 2024 No Comments2 Mins Read
    — Filed under: EU News Headline1 Tax
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Brussels looks to plug 'sustainability reporting gap' for large companies

    calculator

    (BRUSSELS) – The Commission launched a consultation Thursday on changes to the Non-Financial Reporting Directive to require large companies to include sustainability information in their annual public reporting.

    The main focus of this consultation is to collect views from across the EU on different possible reforms or improvements that could be made to the Directive.

    As set out in the European Green Deal Communication and the European Green Deal Investment Plan, the European Commission has committed to reviewing the Non-Financial Reporting Directive (NFRD) in 2020 as part of its strategy to strengthen sustainable investment in Europe.

    The EU executive believes that meeting the objectives of the European Green Deal will require additional investments across all sectors of the economy, the bulk of which will need to come from the private sector.

    Reviewing this Directive is seen as an essential part of the Commission’s effort to scale up sustainable finance by improving corporate transparency and providing all stakeholders with more comparable and relevant information on sustainable business activities.

    “Tackling climate change has implications across the board, including on corporate reporting,” said EC vice-president Valdis Dombrovskis.

    “Our transformation to a carbon-neutral economy means that people need more information from the companies they are investing in. As things stand today, there is currently a sustainability reporting gap that is hampering progress towards a sustainable financial system. The needs of investors for corporate sustainability information are growing faster than any improvements in company reporting. So we welcome all views on how best to improve this Directive.”

    The feedback from the public consultation will feed into the Commission’s impact assessment on the review of the Directive. Respondents are encouraged to provide as much evidence as possible (see here). The consultation will remain open until 14 May 2020.

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    CCBE logo

    Legal Advisor, Council of Bars and Law Societies of Europe, CCBE

    Chemical production nature clouds - Image by andreas N from Pixabay

    EU to set up Critical Chemical Alliance

    Bulgaria euro - Photo © European Union 2025

    Bulgaria takes its place as 21st member of the eurozone

    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Global sentiment rallies as tariff hopes improve – Euro currency news daily

    Cars CO2 emissions- Photo by Alexey Demidov on Pexels

    Brussels seeks views on CO2 emission standards for cars and vans, car labelling

    EU agenda - Image by Andreas Lischka from Pixabay

    EU Agenda: Week Ahead – 6-12 July 2025

    LATEST EU NEWS
    Chemical production nature clouds - Image by andreas N from Pixabay

    EU to set up Critical Chemical Alliance

    8 July 2025
    Bulgaria euro - Photo © European Union 2025

    Bulgaria takes its place as 21st member of the eurozone

    8 July 2025
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Global sentiment rallies as tariff hopes improve – Euro currency news daily

    8 July 2025
    Cars CO2 emissions- Photo by Alexey Demidov on Pexels

    Brussels seeks views on CO2 emission standards for cars and vans, car labelling

    7 July 2025
    Farming soyabean - Image by Loren King from Pixabay

    Brussels authorises use of safe genetically modified soybean as food and animal feed

    4 July 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?