The EC is producing non-binding guidance on how to implement its directive on the disclosure of non-financial and diversity information (2014/95/EU). Originally planned for publication in December 2016, the guidance is now expected in Spring 2017.
The directive requires around 6,000 large organisations to disclose the environmental and social impacts of their activities in their management reports. The first reports are due in 2018, based on financial years that end in 2017.