Non-financial reporting becomes more legal obligation, but also a trend among companies who want to show their respect for environment, social responsibility, care for human rights as well as their dedication to anti-bribery.
EU legal framework is consisting of NFRD with upgrade in CSRD (as shown below):
- The European Union adopted in 2018 Directive 2014/95/EU on the mandatory non-financial reporting of companies (NFRD). More compliance requests to come in upcoming period through Corporate Sustainability Reporting Directive (CSRD).
- More than a third of Fortune Global 500 companies publish reports on social responsibility.
- The absence of a model for the application of socially responsible strategies in the Republic of Croatia companies.
- But, legal compliance expectations mean that such reporting is not voluntary anymore and Boost sees its opportunity in helping companies prepare GAP analysis and prepare report
Those two regulations placed in comparison table:
Boost LLC is introducing you to ISO 26000 standard:
- It is designed to work in all organizational and cultural contexts – in any country or region
- It is flexible and the user decides how to use it
- It incorporates the real-life experiences of its many contributors, and at the same time builds on international norms and agreements related to Social Responsibility
- It is ISO standard that Boost can implement in any institution and standard enables larg part of NFRD and CSRD expectations
ISO 26000 can be used by any organization, for example:
- large multi-national corporations
- small and medium size enterprises
- the public sector (hospitals, schools or others)
- foundations, charities and NGOs
- extractive industries, such as mining and fossil fuel companies
- service and financial industries (banks, IT, insurance)
- municipal governments
- farmers and agribusiness
- consultancies
Read more: What is ISO 26000 standard? – Boost
