Transposition of EU NFR Directive: Amendment to the Accounting Act

Portugal transposed the EU NFR Directive. Disclosure of non-financial and diversity information by large companies and groups, implementing Directive 2014/95/EU

Issuer name

Ministry of Finance

More information

They have diverged from the Directive by requiring all PIEs of 500+ to report, and they impose a small fine on the person responsible for not complying with the law

Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

Disclosure venue

Annual report / Sustainability report

ESG coverage - E (Environment)

Climate & GHG emissions, Water, Energy

ESG coverage- S (Social)

Human Rights, Employment Conditions, Policies and Practices

Status

Current

Country

Portugal

Region

Europe

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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