Transparency leads to better performance - New EU directive for non-financial disclosure
On April 15th, 2014 the European Parliament adopted the Directive on disclosure of non-financial and diversity information by large companies and groups. Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 2016. First reports in accordance with these requirements will be issued in 2017. Approximately 6 000 large companies and groups across the EU will be affected by the new directive on non-financial reporting.