An internet corner for NFR

The purpose of this site is to gather information for shareholders about NFR. Also public interest entities and SME's could find useful material about reporting. An everyday newsfeed will provide material to everybody who is member of this community .

During Greek Presidency the amazing happened. Directive 2014/95/EU amending Directive 2013/34/EU as regards disclosure of non-financial & diversity information by certain large undertakings and groups became reality. Τhe door just opened. The shareholders interesting for better and trasparent way of entities operation is here for now and ever. This year (2017) will be much different. Both shareholders and stakeholders must preserve this magnificent conquest.

According to recital 6 & 7 of the DIRECTIVE 2014/95/EU certain large undertakings should prepare a non-financial statement containing information relating to at least environmental matters, social and employee-related matters, respect for human rights, anti-corruption and bribery matters. Such statement should include a description of the policies, outcomes and risks related to those matters and should be included in the management report of the undertaking concerned. The non-financial statement should also include information on the due diligence processes implemented by the undertaking, also regarding, where relevant and proportionate, its supply and subcontracting chains, in order to identify, prevent and mitigate existing and potential adverse impacts. It should be possible for Member States to exempt undertakings which are subject to this Directive from the obligation to prepare a non-financial statement when a separate report corresponding to the same financial year and covering the same content is provided. Where undertakings are required to prepare a non-financial statement, that statement should contain, as regards environmental matters, details of the current and foreseeable impacts of the undertaking's operations on the environment, and, as appropriate, on health and safety, the use of renewable and/or non-renewable energy, greenhouse gas emissions, water use and air pollution. As regards social and employee-related matters, the information provided in the statement may concern the actions taken to ensure gender equality, implementation of fundamental conventions of the International Labour Organisation, working conditions, social dialogue, respect for the right of workers to be informed and consulted, respect for trade union rights, health and safety at work and the dialogue with local communities, and/or the actions taken to ensure the protection and the development of those communities. With regard to human rights, anti-corruption and bribery, the non-financial statement could include information on the prevention of human rights abuses and/or on instruments in place to fight corruption and bribery.