Non-financial reporting standards
- Hocine Kebli, Vincent Papa, Lina Lemessiou
Preparatory work for possible EU non-financial reporting standards
On 25 June 2020 the European Commission issued a request for technical advice mandating EFRAG to undertake preparatory work for possible EU non-financial reporting standards in a revised Non-Financial Reporting Directive (NFRD). The preparatory work will be carried out by a multi-stakeholder PTF that will be appointed by the European Lab Steering Group, and is expected to be completed by the end of January 2021, with a progress report to be issuedat the end of October 2020. The relevant call for candidates was published on 17 July 2020.
The preparatory work is carried out by a multi-stakeholder PTF appointed by the European Lab SG on 1 September 2020, and is expected to be completed by the end of January 2021, with a progress report to be issued at the end of October 2020.
The appointed PTF incorporates a balanced representation of a broad range of stakeholders with a legitimate interest in non-financial information, spanning the public sector, the private sector, SMEs and civil society from across the EU, in line with the EC request for technical advice. The members of the PTF have proven expertise on the different matters covered by the NFRD and the requirements of the EC request for technical advice.