Why environmental and climate-related disclosures under the EU Non-Financial Reporting Directive must improve
The purpose of this report is to inform policymakers of the changes needed to improve environmental disclosures under the Directive, to ensure it meets its purpose of increasing the relevance, consistency and comparability of company reporting. It also aims to support corporate report preparers in enhancing their disclosures under the Directive by identifying good practice case studies and tips, drawn from the findings of CDSB’s review.
Supported by the LIFE Programme of the European Union, the review consisted of a question set developed by CDSB to assess the strengths and weaknesses of companies’ disclosures. This was based on consideration of the core ‘content categories’ of the NFRD (i.e. business model, policies and due diligence, outcomes, principal risks and key performance indicators), and reviewing progress in implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Mainstream reports (i.e. annual report and accounts) were reviewed, alongside information disclosed elsewhere where it was clearly referenced from the mainstream disclosure.
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Contents:
- Introduction
- Findings part 1: Environmental disclosure under the NFRD content categories
- Findings part 2: TCFD and additional considerations
- Conclusions and recommendations
- Appendices
- References
With the contribution of the LIFE Programme of the European Union
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