Course for Analysts

Course for Analysts

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:

Presentation Unit 2.1 The NFIR Directive

Material for Group exercise Unit 2.1_Impact assessment

Participant Material Unit 2.1_Four NFIR Scenarios

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