Consultation Response
27.04.2020 IOGP

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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