European Commission consults on non-binding guidelines on disclosure of non-financial information by certain large companies

The Commission Services have launched a public consultation today to feed into its upcoming non-binding guidelines that will set out how large public-interest entities, such as listed companies and banks, could disclose social and environmental information. These guidelines can assist companies in the reporting process, providing them with a methodology that will facilitate the disclosure of relevant, useful and comparable non-financial information. The guidelines will be drawn up in line with the requirements and scope set out in the Directive on disclosure of non-financial and diversity information by certain large companies and groups, which applies to large public-interest entities with more than 500 employees. The consultation is open until 15 April 2016 and is available on the consultation page. (For more information:Vanessa Mock – Tel.: +32 229-56194; Letizia Lupini – Tel.: +32 229-51958)