Reports

CDSB | Falling short? Why environmental and climate-related disclosures under the EU Non-Financial Reporting Directive must improve

CDSB has reviewed the 2019 environmental and climate-related disclosures of Europe’s 50 largest listed companies, with a combined market capitalisation of US$4.3 trillion, under the EU Non-Financial Reporting Directive (NFRD also referred to as ‘the Directive’). The purpose of this report is to inform policymakers of the changes needed to improve environmental disclosures under the Directive, to ensure it meets its purpose of increasing the relevance, consistency and comparability of company reporting. It also aims to support corporate report preparers in enhancing their disclosures under the Directive by identifying good practice case studies and tips, drawn from the findings of CDSB’s review

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CDSB has reviewed the 2019 environmental and
climate-related disclosures of Europe’s 50 largest listed
companies, with a combined market capitalisation of
US$4.3 trillion, under the EU Non-Financial Reporting
Directive (NFRD also referred to as ‘the Directive’).
The purpose of this report is to inform policymakers
of the changes needed to improve environmental
disclosures under the Directive, to ensure it meets its
purpose of increasing the relevance, consistency and
comparability of company reporting. It also aims to
support corporate report preparers in enhancing their
disclosures under the Directive by identifying good
practice case studies and tips, drawn from the findings
of CDSB’s review

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