Principles of International Business
The EU Non-Financial Reporting Directive (NFRD) is a European Union regulation that requires certain large companies to disclose information on the way they operate and manage social and environmental challenges. This directive aims to increase transparency and accountability of businesses in relation to their social impact, which is a vital aspect of corporate social responsibility. By mandating non-financial disclosures, it encourages companies to contribute positively to society and the environment, aligning with the broader goals of sustainability and ethical governance.
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