The Alliance for Corporate Transparency brought together leading civil society organisations and experts to carry out the largest study on corporate sustainability reporting to date. The objective of the project is to provide evidence-based recommendations to improve and develop the EU Non-Financial Reporting Directive (NFRD).
Since 2018, large companies and financial corporations are required to disclose information necessary for understanding their societal and environmental risks and impacts. The NFRD failed to specify what concrete information must be disclosed, severely undermining the legislation’s objective to increase the relevance, consistency and comparability of corporate sustainability data.
Sustainability reporting is indispensable for companies’ strategic planning as well as to support the implementation of the sustainable finance agenda in the EU, as investors and financial actors need high quality and comparable data to inform their decisions and engagement with companies. Similarly, civil society and public authorities need access to this information to assess and monitor compliance and corporate responsibility.
Project coordinator: Frank Bold // Technical partner: Sustentia
Content partners: Business and Human Rights Resource Centre, CORE Coalition, Future-Fit Foundation, Transparency International, WWF
Advisory Group: ClientEarth, CDP Europe, Germanwatch, Shift Project, Stockholm Environment Institute, Themis Research, Oxfam, ShareAction, SOMO and Climate Disclosure Standards Board
Academic support provide by: Cass Business School and Nyenrode Business School
Organisations involved in consultation rounds: Principles for Responsible Investment, Global Reporting Initiative, European Trade Union Institute, FERN, ActionAid, E3G, Clean Clothes Campaign
The project has also engaged external experts from business and investor organisations in consultation rounds. These organisations have engaged in the project on a pro-bono basis. Frank Bold and Sustentia take responsibility for any error or inaccuracy in the research and presentation of results.
Test partners: They engaged in constructive discussions concerning the assessment criteria and the initial tests performed in the first round of research - this collaboration was carried out completely pro-bono.
Funders: Friends Provident Foundation, Joseph Rowntree Charitable Trust, Sigrid Rausing Trust, Charles Leopold Mayer Foundation, Wallace Global Fund, Laudes Foundation
This project is part of the European Climate Initiative (EUKI) of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU).
Contact: For any queries, please contact Susanna Arus, Project Coordinator at firstname.lastname@example.org
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