Implementation of the European Directive on Non-financial Information in the European Economic Area

POPELKOVÁ, Veronika and Jaroslav SEDLÁČEK. Implementation of the European Directive on Non-financial Information in the European Economic Area. In Josef Nešleha, Lukáš Marek, Miroslav Svoboda, Zuzana Rakovská (eds.). Proceedings of the 16th International Scientific Conference European Financial Systems 2019. Brno: Masaryk University Press, 2019, p. 443-451. ISBN 978-80-210-9338-6.

Basic information

• Original name: Implementation of the European Directive on Non-financial Information in the European Economic Area
• Authors: POPELKOVÁ, Veronika (203 Czech Republic, belonging to the institution) and Jaroslav SEDLÁČEK (203 Czech Republic, guarantor, belonging to the institution).
• Edition: Brno, Proceedings of the 16th International Scientific Conference European Financial Systems 2019, p. 443-451, 9 pp. 2019.
• Publisher: Masaryk University Press

Other information

• Original language: English
• Type of outcome: Proceedings paper
• Field of Study: 50206 Finance
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• Publication form: printed version "print"
• WWW: URL
• RIV identification code: RIV/00216224:14560/19:00111936
• Organization unit: Faculty of Economics and Administration
• ISBN: 978-80-210-9338-6
• UT WoS: 000503222600052
• Keywords in English: non-financial reporting; Corporate Social Responsibility; the European Directive on non-financial information
• Tags: International impact, Reviewed

Abstract

With effect from 1 January 2017, states of the European Economic Area were obliged to implement Directive 2014/95/EU of the European Parliament and of the Council amending Directive 2013/34/EU as regards the disclosure of non-financial information and information on diversity by some large companies and groups. The aim of this article is to compare, on the basis of the chosen criteria, the national transpositions of the individual states concerning the reporting of non-financial information and to assess the degree to which individual Member States have transposed the requirements of the European Directive 2014/95/EU on non-financial information. Based on a detailed analysis of the European Non-Financial Information Directive, the following criteria have been chosen to compare national legislation: definition of public interest entity, public topics of non-financial information and their content, standards and frameworks for reporting non-financial information, auditor’s involvement, Safe Harbour Principle, description of diversity policy, disclosure requirements and sanctions for breach of obligations. Based on the statistical evaluation, the degree of implementation of the European Directive in the individual states is assessed.

Links

• MUNI/A/1110/2018, interní kód MU: Name: Nefinanční informace a jejich význam pro měření výkonnosti (Acronym: Nefinanční informace a jejich význam pro měření vý)

Investor: Masaryk University, Category A