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Have your say on the impact of EU gathering non-financial information

Written by Narinder Williams on 20 April 2020

The European Commission is gathering information to evaluate the impact on smaller businesses in the supply chain of the legal requirement

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This requirement is imposed on certain large companies to include a non-financial statement as part of their annual public reporting obligations.


The so-called Non-financial Reporting Directive identifies four sustainability issues:

social and employee issues
human rights, and
bribery and corruption


There is also a requirement that companies disclose information about their business model, policies (including due diligence processes), outcomes, risks and risk management, and Key Performance Indicators (KPIs) relevant to the business. It does not introduce or require the use of a non-financial reporting standard or framework, nor does it impose detailed disclosure requirements such as lists of indicators per sector


Your input will help the European Commission to estimate costs for SMEs of replying to requests about social and environmental information coming from larger companies to which they supply goods or services as well as requests coming from financial institutions. The European Commission will use the information gathered when considering possible revisions to social and environmental reporting requirements of the Non-Financial Reporting Directive.


Please answer the following questions to share your comments.



This survey closes Friday 27th May 2020


Please note the personal information you provide will be handled confidentially and used only by Enterprise Europe Network. If you have any questions or comments about this survey, please do not hesitate to call us on 0300 123 3144  or email contact@enterprise-europe.co.uk