IOGP input to the Impact Inception Assessment on the Revision of the NFRD

This document provides IOGP’s initial feedback to the Impact Inception Assessment on the revision of the Non-Financial Reporting Directive (NFRD).

Our industry supports meaningful corporate reporting policies relating to disclosure of non-financial information pertaining to sustainability issues. IOGP is convinced that effective non-financial reporting is in the interest of the industry’s shareholders as much as in the interest of society.


Key Points


This document lays out the following recommendations:

  • Disclosures should focus on ‘material’ and relevant information, in order to enable socially responsible investment analysis and sustainable investment decisions
  • A flexible approach is needed
  • A reporting framework should enable companies to improve their reports and ultimately their performance

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