By Paul Davies and Alice Gunn

The European Commission is currently consulting on how large public-interest entities should disclose environmental and other non-financial information, as required by Directive 2014/95/EU Corporate Social Responsibility (CSR) Directive.

The obligation to disclose a non-financial statement applies to large undertakings which are public-interest entities and have over 500 employees. Public-interest entities means listed companies, credit institutions, insurance companies and companies that are designated public-interest companies by Member States, such as entities that are of significant public relevance because of the nature of their business, their size or the number of their employees.