EU / EU directive
NFRD
Directive 2014/95/EU — disclosure of non-financial and diversity information
Repealed2024-01-01
Topic : ESG disclosure · Level : Regional
Today
Superseded by CSRD for financial years from 1 Jan 2024. Kept only as historical baseline for ex-NFRD companies.
Summary
The NFRD required large listed companies, banks and insurers to publish a non-financial statement from 2017. It was replaced by the CSRD for financial years from 2024. It remains useful only as a historical reference.
Who is concerned
- Turnover
- non précisé
- Employees
- >500 employees (public-interest entity)
- Listed company
- cotées seulement
- Sectors
- Listed companies
- Banks
- Insurers
- Triggering activities
- Large public-interest entity in the EU
- Extraterritorial reach
- No
non précisé
- Examples
- Listed EU manufacturer, 2,000 staff
- EU insurer
What the law requires
- Publish a non-financial statement on environment, social, human rights, bribery
- Describe policies, outcomes, risks and KPIs
- Disclose board diversity policy
Penalties
Set by Member States; no EU-level amount.
SUPPLIER INTELLIGENCE
What this changes for a supplier in China
None now. Ex-NFRD buyers moved to CSRD/ESRS, with more detailed supplier data needs.
Expected evidence
- Supplier code of conduct acknowledgement
- Basic environmental KPIs
- Anti-bribery policy
Tiers : Tier 1