In October 2014, the European Commission passed the NFR (Non-Financial Reporting) directive. The legislation introduced new corporate transparency requirements for large publicly listed companies—considered public interest entities—in 28 EU countries. EU member states are already working to integrate the Directive’s provisions into national law, with the first company disclosures expected in 2018. This means companies will have to begin collecting data in 2017.
Read more on the EU directive – shifting towards transparency and reporting quality
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EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. Leaders like Johnson & Johnson, L’Oréal, Unilever, Bridgestone, BASF and JPMorgan are among 150,000+ businesses that use EcoVadis ratings, risk, and carbon management tools and e-learning platform to accelerate their journey toward resilience, sustainable growth and positive impact worldwide.
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