Consultation outcome

Non-Financial Reporting Directive: UK implementation

This consultation has concluded

Download the full outcome

Detail of outcome

We will:

  • introduce legislation that will apply the Directive to all companies in scope but allow those at the boundaries to voluntarily comply with the EU requirements
  • clarify legislation concerning sending annual reports electronically and work with the Financial Reporting Council to encourage innovative digital reporting
  • explore options around gender reporting with business and other stakeholders to consider how best to fulfil this requirement

Detail of feedback received

We received 76 responses from interested parties, including:

  • academics
  • accountants
  • civil society
  • companies
  • consultancies
  • individuals
  • investors
  • representative bodies

Original consultation

This consultation ran from to

Summary

We’re asking for views on how to implement the requirements of the EU Non-Financial Reporting Directive (2014/95/EU) into UK law.

Documents

Consultation on the Non-Financial Reporting Directive

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (eg a screen reader) and need a version of this document in a more accessible format, please email enquiries@bis.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Impact assessment of the Non-Financial Reporting Directive proposals

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (eg a screen reader) and need a version of this document in a more accessible format, please email enquiries@bis.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Regulatory Policy Committee (RPC) impact assessment review

Consultation description

We want industry views on how we should implement the requirements in the EU Non-Financial Reporting Directive (2014/95/EU) into UK law. This amends Directive 2013/34/EU and requires certain companies, with more than 500 employees, to disclose information in their management reports about their:

  • policies
  • environmental risks
  • social and employee situation
  • respect for human rights
  • anti-corruption and bribery issues
  • diversity in their board of directors

This will provide investors and other stakeholders with a more comprehensive view of a company’s performance.