Invest Europe-PAE

Response to EC Consultation on the review of the Non-Financial Reporting Directive

Positions & consultation responses

12 Jun 2020

In this response we encourage the European Commission to be extremely cautious about expanding the scope of the NFRD too widely and too quickly, taking into account the disproportionate impact this could have on non-listed companies and in particular SMEs. Any changes to the NFRD regime should be considered in light of proportionality, materiality and flexibility. A voluntary and gradual approach is preferred.

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