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Directive 2014/95/EU of the European Parliament and of the Council amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups.

Country/Territory
European Union
Document type
Legislation
Date
2014
Source
FAO, FAOLEX
Subject
Environment gen.
Keyword
Business/industry/corporations Governance Human rights Sustainable development
Geographical area
European Union Countries
Abstract

This Directive is adopted in the framework of the European Union Strategy 2011-14 for Corporate Social Responsibility, adopted on 25 October 2011. It supplements Directive 2013/34/EU which lays down rules on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings. In particular, new article 19a is inserted. This new provision regards disclosure of non-financial and diversity information by certain large undertakings and groups. In particular, large undertakings which are public-interest entities (and exceeding on their balance sheet dates the criterion of the average number of 500 employees) shall include in the management report a non-financial statement containing information to the extent necessary for an understanding of the undertaking's development, performance, position and impact of its activity, relating to, among other aspects, environmental matters and respect for human rights. Article 29a is inserted as well. The latter concerns the consolidated non-financial statement to be included by public-interest entities which are parent undertakings of a large group.

Full text
English
Website
eur-lex.europa.eu

References - Legislation

Implemented by

Legislative Decree No. 254/2016 implementing Directive 2014/95/EU of the European Parliament and of the Council amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups.

Legislation | Italy | 2016

Keyword: Governance, Offences/penalties, Enforcement/compliance, Legal proceedings/administrative proceedings, Human rights, Business/industry/corporations, Sustainable development

Source: FAO, FAOLEX