When the European Union adopts a new directive on non-financial and diversity information, the world of CSR and affected companies both have to respond. Company Secretaries and CSR professionals will need to react to this new directive and learn how to revise and adapt their strategy accordingly. Quickly understanding the implications of the new directive and its impact need to be a priority.
Who will this new directive on non-financial information affect?
The directive, which has a report or explain approach to providing the required information, is intended to provide greater transparency and accountability of non-financial information. It will affect large companies operating in the EU (those with over 500 employees) – approximately 6000 so-called ‘Public Interest Entities’.