Directive 2014/95/EU of the European Parliament and of the Council amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups.

This Directive is adopted in the framework of the European Union Strategy 2011-14 for Corporate Social Responsibility, adopted on 25 October 2011. It supplements Directive 2013/34/EU which lays down rules on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings. In particular, new article 19a is inserted. This new provision regards disclosure of non-financial and diversity information by certain large undertakings and groups. In particular, large undertakings which are public-interest entities (and exceeding on their balance sheet dates the criterion of the average number of 500 employees) shall include in the management report a non-financial statement containing information to the extent necessary for an understanding of the undertaking's development, performance, position and impact of its activity, relating to, among other aspects, environmental matters and respect for human rights. Article 29a is inserted as well. The latter concerns the consolidated non-financial statement to be included by public-interest entities which are parent undertakings of a large group.