EU Modernisation Directive 2003/51/EC

Issuer name

EU

More information

Such reporting should include environmental and employee matters and key performance indicators, where appropriate (consistent with Commission Recommendation 2001/43/EC). Member States may choose to exempt small and medium-sized companies from those non-financial reporting obligations. Another amendment of the Accounting Directives (Directive 2006/46) introduced an obligation for listed companies to include a corporate governance statement in their annual report. By November 2009 all Member States transposed the Modernisation Directive and most of the Member States transposed Directive 2006/46 in national laws.

Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

Disclosure venue

Annual report,

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

All, Employment Conditions, Policies and Practices

ESG coverage- Eco (Economic & General)

Economic performance