GRI Helps Companies Comply with Non-Financial Reporting Directive
The Global Reporting Initiative has published a document that sets out the links between GRIâ€™s G4 guidelines and the recently adopted European Directive on disclosure of non-financial and diversity information.
â€śThis linkage document shows why organizations that fall under the Directive should use G4, and how they can do so,â€ť said GRIâ€™s deputy chief executive Teresa Fogelberg.
Following the adoption by the Council of the European Union the Directive entered into force in December 2014. As a result, 6,000 large, public interest enterprises, within the European Union, will have to report on a number of sustainability matters.
The Directive covers issues such as environmental, social and labor impacts, along with anti-corruption, bribery and respect for human rights. The reports or statements, produced in response to the Directive, will also need to include a description of the policies, outcomes and the risks related to those topics.
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