Review of the non-financial-reporting directive

This page is also available in

Udvalgets udtalelse: Review of the non-financial-reporting directive

Key points


  • welcomes the proposal for a Corporate Sustainability Reporting Directive, and considers that high-quality sustainability reporting will be a key component in the implementation of the European Green Deal;
  • welcomes the European Commission's focus on incentivising the disclosure of high-quality sustainability data by companies and financial institutions;
  • encourages the co-legislators to evaluate the operational and administrative costs involved in the gradual and voluntary inclusion of SMEs in the scope of the Directive, and to consider potential additional support measures to help offset any administrative and operational burdens for this crucial segment of the economy;
  • supports the mandate given to the European Financial Reporting Advisory Group (EFRAG) to prepare the technical advice for developing a European non-financial reporting standard;
  • encourages the European Commission and EFRAG to consider how specific country-by-country reporting requirements on sustainability risks and impacts, for all in-scope entities, may encourage more granular and material disclosures;
  • encourages the European Commission to consider bolstering financial and sustainability literacy.


For more information please contact the INT Section Secretariat