EU Non-Financial Reporting Directive: Report examines role of trade unions
Starting from the fiscal year 2017, certain large undertakings within the EU will have to publish non-financial statements. These non-financial statements include employment and social matters and are thus expected to have an impact on labour relations...
The impact of NFIR on labour relations will strongly depend on the practical value of those reports as perceived by trade unions and workers’ representatives...
[C]omprehensive, comparable and high-quality reporting can only be achieved if there is at least one interest group that actively promotes the process of non-financial reporting and monitors its implementation. The examples show that these “drivers” can be the state as well as union actors...
[T]he country studies illustrate that in the majority of the cases, the degree of involvement of workers’ representatives in promoting non-financial reporting is rather low. More- over, it has been shown that strong participation and co-determination rights do not automatically lead to a high rate of involvement of workers’ representatives in non-financial reporting at company level.