This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Summary report on the EC consultation on updating the non-binding guidelines on non-financial reporting

  • European Union Image

Jun 12, 2019

On June 12, 2019, the European Com­mis­sion (EC) has published a report sum­mariz­ing the responses to the draft sup­ple­ment to its non-bind­ing guide­lines on non-fi­nan­cial reporting with specific reference to cli­mate-re­lated in­for­ma­tion.

In most cases the con­sul­ta­tion revealed a dif­fer­ence of opinion between on the one hand report preparers and on the other hand su­per­vi­sory and en­force­ment au­thor­i­ties and users of reported in­for­ma­tion. In general, preparers argued for fewer rec­om­mended dis­clo­sures, while non-gov­ern­men­tal or­gan­i­za­tions and su­per­vi­sory and en­force­ment au­thor­i­ties supported most of the proposals contained in the con­sul­ta­tion document and in some cases suggested that they be strength­ened in various ways. Investors and financial sector companies were generally sup­port­ive of the proposed dis­clo­sures as far as investee companies were concerned, but also argued that they them­selves would find it difficult to meet the ex­pec­ta­tions expressed in the con­sul­ta­tion document until dis­clo­sure by investee companies improved.

Please click to access the full report on the EC website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.