The European Commission has launched a public consultation on the non-binding guidelines on methodology for reporting non-financial information.
It relates to Directive 2014/95/EC, December 6, 2014, which aims to improve the transparency of certain large EU companies’ non-financial information.
Article two of the Directive calls upon the European Commission to prepare “non-binding guidelines on methodology for reporting non-financial information, including non-financial key performance indicators, general and sectoral, with a view to facilitating relevant, useful and comparable disclosure of non-financial information by undertakings”. The European Commission is looking for input to the consultation, which will help in preparation of these non-binding guidelines.
The target groups are citizens, public authorities, and companies, organisations, and investors across all sectors. Of special interest are large, public-interest entities with more than 500 employees that disclose non-financial and diversity information.
The consultation is open until April 15, 2016 and falls under the responsibility of DG Financial Stability, Financial Services and Capital Markets Union Unit B3 on Accounting and financial reporting.