The current situation
Transparency – The current situation
Since 6 December 2014, Directive 2014/95/EU has been in effect for all public-interest entities (PIEs) in the EU with over 500 employees. This entails that the annual report must include information about:
- The impact of the entity on the environment
- The impact on society and members of the workforce
- How the entity deals with human rights and corruption and bribery
The report must also provide insight into the entity's business model, its policy, policy results and the risk analyses regarding the above themes, as well as their translation into key performance indicators.
In 2016, with the help of a consultation round, data was gathered to answer the question whether and how the EU should draw up a non-mandatory practical guide for the entities concerned. Using the MVO Platform (CSR Platform) of the Netherlands Institute of Chartered Accountants NBA, iGOR actively participates in this discussion.
Long form auditor’s report
With effect from the reporting year 2013, all public interest entities in the Netherlands have been required to include an extensive audit opinion in their financial statements. Entities and the accountancy profession are still learning the ropes. However, the next measure is fast approaching: a ‘long form auditor’s report’ must also be included in sustainability reports and integrated annual reports. As a member of NBA's ESG Assurance project group, iGOR is closely involved in this search process as well.
Would you like to know what is relevant and feasible for your organisation, now and in the future? Please take advantage of i GOR's knowledge and scientific research and make an appointment .
|Last modified:||08 November 2017 1.50 p.m.|