BETTER FINANCE welcomes the initiative of the European Commission (EC) to review the non-financial reporting directive. Currently, there are significant problems regarding the non-financial information disclosed by companies pursuant to directive 2014/95/EU. The review should enable a strong alignment with the taxonomy regulation and its technical standards which include thresholds and metrics. It is also essential to ensure that not only companies’ policies are disclosed but also the impact of these policies. Intangibles should also be included as they represent potential material impact for the company and the society as well. Finally, we advise for the creation of sector specific KPIs that allow to capture the metric differences within sectors.
Date: 12th June 2020
Author: BETTER FINANCE
Type: Consultations
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