Schroders : supports seven recommendations for the upcoming Non-Financial Reporting Directive

Schroders, alongside 11 other organisations spanning financial services, trade bodies and non-profit organisations, has leant its support to seven recommendations for the upcoming Non-Financial Reporting Directive:

The European Union, and the world economy, are facing one of the biggest challenges of our time in designing the means and tools to foster a green economic recovery. It is more important than ever for both the private and the public sector to work together on policy priorities governments should take in reaction to this crisis. We believe that the Non-Financial Reporting Directive should make a leap forward in improving the quality, comparability, and consistency of environmental, social and governance (ESG) information.

As a group of stakeholders with different backgrounds, but a common interest in sustainable finance, we believe the following matters are instrumental in the upcoming revision of the NFRD:

1. Expand the scope beyond large listed companies
2. Disclose non-financial information in the annual management report
3. Strengthen the social and governance aspects
4. Develop minimum mandatory reporting requirements
5. Build on existing reporting initiatives (to achieve comprehensive non-financial reporting)
6. Keep up the international role for reporting standards
7. Ensure legislative consistency and avoid duplication of reporting legislation

For further information, please contact:

Estelle Bibby, Head of Media Relations [phone] [e-mail]

Andy Pearce, PR Manager [phone] [e-mail]

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