Module 2: Understanding Non-financial information reporting (NFIR)
Module Objectives: This module provides information on the legal background and reporting requirements, the key concepts and reporting frameworks of NFIR.
Module 3: Role of Workers' Representatives in CSR and NFIR
Module Objectives: This module illustrates contacts points with NFIR and possible practical value of NFIR by identifying relevant content for WRs and showing best practice examples.
Module 4: Analysis methods and tools
Module Objectives: This module introduces to analysis methods of NFIR by giving an overview of a set of methods and applying the CENOFIA analysis tool.
Module 8: Identifying challenges in the analysis process
Module Objectives: This module provides an overview of the challenges most likely encountered during the analysis work and enables the participants to question reporting methodologies and processes.
Module 9: Application of key concepts in NFIR
Module Objectives: This module builds up on Module 2 and Module 4 by providing in-depth information on NFIR key concepts and carrying out different assessment exercises.
2.1 The NFIR Directive
Video Tutorial : Understanding Directive 2014/95/EU on Non-financial Information Reporting
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STEP 1: “Presentation Unit 2.1 The NFIR Directive” and “Video Tutorial: Understanding Directive 2014/95/EU on Non-financial Information Reporting”
The presentation and the corresponding video tutorial for unit 2.1 provide a first introduction into the topic of non-financial information reporting by explaining the legal background of the reporting requirements in order to understand Directive 2014/95/EU, its scope, content and provisions.
It is especially important to stress that:
- by limiting the scope to public-interest entities (i.e. listed entities and financial institutions), the Directive excludes a majority of large companies from any reporting obligations, among them globally operating companies such as the Schwarz Group (LIDL), ALDI or Bosch.
- “safe harbour” and “comply or explain” provisions further limit the reporting obligations
- the Directive does not stipulate a binding reporting framework
- the Directive only asks auditors to check whether a non-financial statement was provided, not to check if the provided information is correct
STEP 2: “Material for Group exercise Unit 2.1_Impact assessment”
The exercise for unit 2.1 is intended to identify and describe possible impacts of NFIR. Read the scenario(s) and answer the following questions:
- What are the main characteristics of the given scenario?
- Who are the beneficiaries in this scenario?
- What are the main challenges for workers’ representatives and trade unions?
Try to complete the task for each single scenarion in 45 minutes.
STEP 3: “Participant Material Unit 2.1_Four NFIR Scenarios”
After competing the exercise, compare your elaborations with Participant Material Unit 2.1_Four NFIR Scenarios
Materials for unit 2.1: