New EU Directive on the Disclosure of Non-Financial Information (CSR)

Dániel Gergely Szabó, Karsten Engsig Sørensen
2015 European Company and Financial Law Review  
In October 2014, the EU adopted new rules on the disclosure of non-financial information, otherwise known as corporate social responsibility (CSR) information. The new requirements bring the CSR disclosure regulation in the EU in line with the current best practices and constitute a huge step forward compared to the existing rules on the disclosure of non-financial information. This article analyses the likely impact of the amended Accounting Directive, its scope of application, what should be
more » ... on, what should be disclosed and how the new provisions of the Directive should be enforced. In doing so, the article compares the new requirements to current best practices and experiences, especiallyusingthe experiences withmandatoryCSR reportingin Denmarkand the experiences with corporate governance reporting in the EU. Based on these experiences, the article also makes predictions of whether the new requirements are likely to increase the quantity of the non-financial information disclosed and the consistency and comparability of the reports. 1
doi:10.1515/ecfr-2015-0307 fatcat:ckayj2faiffn5nr3hek2fvogfm