ECIIA has reacted to the DG Fisma consultation on the revision of the non-financial reporting directive.
This consultation follows the fitness check carried in 2018 that identified the following problems:
- There is inadequate publicly available information about how non-financial issues and sustainability issues impact companies and how companies themselves impact society and the environment.
- Companies incur unnecessary and avoidable costs related to reporting non-financial information. they also face uncertainty and complexity when deciding what non-financial information to report.
In its communication on the European Green Deal, the Commission committed to review the Non-Financial Reporting Directive in 2020. The current expected date for the publication of the new Directive is Q1-2021.