2020年改进欧盟非财务报告中与环境和气候相关的信息披露 - CDSB（英文版）（18页）.pdf

1、Falling short? Why environmental and climate-related disclosures under the EU Non-Financial Reporting Directive must improve May 2020 Falling short? Exective summary 01 Executive summary CDSB has reviewed the 2019 environmental and climate-related disclosures of Europes 50 largest listed companies,

2、with a combined market capitalisation of US$4.3 trillion, under the EU Non-Financial Reporting Directive (NFRD also referred to as the Directive). The purpose of this report is to inform policymakers of the changes needed to improve environmental disclosures under the Directive, to ensure it meets i

3、ts purpose of increasing the relevance, consistency and comparability of company reporting. It also aims to support corporate report preparers in enhancing their disclosures under the Directive by identifying good practice case studies and tips, drawn from the findings of CDSBs review. Supported by

4、the LIFE Programme of the European Union, the review consisted of a question set developed by CDSB to assess the strengths and weaknesses of companies disclosures. This was based on consideration of the core content categories of the NFRD (i.e. business model, policies and due diligence, outcomes, p

5、rincipal risks and key performance indicators), and reviewing progress in implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Mainstream reports (i.e. annual report and accounts) were reviewed, alongside information disclosed elsewhere where it was cle

6、arly referenced from the mainstream disclosure. The current state of EU environmental and climate-related disclosure Overall, our review shows some signs of improvement in the environmental and climate-related disclosure of Europes largest companies. The vast majority now provide at least some discl