The EU Directive 2014/95/EU applies to “public-interest entities” (PIEs) with ≥ 500 employees. This generally means listed companies or certain finance or insurance entities. It applies to financial years starting on or after 1st January 2017.
It requires a non-financial statement to be included in the annual report, and should carry relevant information on environmental, social and employee-related matters, respect for human rights, and anti-corruption and bribery, as applicable to the reporting organisation. The statement should include a description of any policies, outcomes and related risks, and details of relevant due diligence processes, including supply and subcontracting chains. Further details of possible areas for disclosure are given below.