Almost one year ago, the European Union issued Directive 2014/95/EU. This Directive, which technically is an amendment to an earlier Directive that focused on financial reporting, outlined new requirements for companies to follow regarding the disclosure of non-financial information, mainly environmental and social issues.
While it will take some time for the member states to issue corresponding regulations, it is clear that most large companies in the EU will now be required to disclose their performance and impacts when it comes to environmental and social issues.
Sustainserv is monitoring these developments and has written a brief that outlines our interpretations of where things currently stand and what this may mean for businesses based in the EU, or for EU-based subsidaries of foreign companies (including those owned by U.S. based entitities).
To download the paper, please provide the following information.