Non-Financial Reporting: Ready, Set, Green
Authored by – Gonzalo Martin Camarero, Associate Consultant, Rajul Mittal, Principal Consultant, Jasper Meijer, Senior Consultant
Non-Financial Reporting (NFR) is slowly but gradually becoming mainstream, particularly when it comes to green or sustainable activities. It all began with the Kyoto Protocol in 1997 which paved the way for the climate change movement.
In the years following we saw the rise of multiple frameworks and initiatives, getting differing amounts of traction in the market. We saw a benchmark event in 2018 with the launch of the EU Action Plan on Sustainable Finance. It signalled that the EU is taking things seriously, and the initiatives sprouting from this all have their due dates in the coming years. Trailing the Action Plan are a number of initiatives and frameworks that are rapidly maturing and getting more and more recognition in the market.