Green Reporting Headed Digital?
In opening remarks at the Eurofiling ESEF Digital Day yesterday, the European Commission’s Alain Deckers described the work going into the review of Europe’s Non-Financial Reporting Directive (or NFRD) which governs disclosure of ESG reporting. The key issue? The need for a single set of high quality standards. An ongoing issue that is receiving attention in the EU and right around the world.
But Mr. Deckers emphasises the opportunities that consistent digital disclosure for this broader corporate reporting opens up to users and companies alike. Expanding the existing ESEF mandate is clearly within the thinking of officials at this stage. Aspects of the NFRD are currently open for consultation.