{"id":15207,"date":"2024-01-15T08:00:28","date_gmt":"2024-01-15T07:00:28","guid":{"rendered":"https:\/\/www.uhy-fay.com\/?p=15207"},"modified":"2024-01-18T14:07:36","modified_gmt":"2024-01-18T13:07:36","slug":"non-financial-information-statement","status":"publish","type":"post","link":"https:\/\/www.uhy-fay.com\/en\/blog\/non-financial-information-statement\/","title":{"rendered":"Non Financial Information Statement. Which companies are Required to Implement it?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15137 aligncenter\" src=\"https:\/\/www.uhy-fay.com\/wp-content\/uploads\/2024\/01\/logo-uhy-cointegra.png\" alt=\"logo uhy fay cointegra\" width=\"398\" height=\"155\" srcset=\"https:\/\/www.uhy-fay.com\/wp-content\/uploads\/2024\/01\/logo-uhy-cointegra.png 398w, https:\/\/www.uhy-fay.com\/wp-content\/uploads\/2024\/01\/logo-uhy-cointegra-300x117.png 300w\" sizes=\"auto, (max-width: 398px) 100vw, 398px\" \/><\/p>\n<p>In this report, we will explain what the <strong>Non Financial Information Statement<\/strong> is, which companies require it and all the necessary requirements. Many responsibilities must be fulfilled by companies to comply with current laws.<\/p>\n<p>The obligation to report <strong>non financial information has been in effect since 2021, for entities with more than 250 workers, including larger companies exceeding 500 workers<\/strong>.<\/p>\n<p>As <a href=\"https:\/\/www.uhy-fay.com\/en\/services\/corporate-social-responsibility-for-companies\/\">ESG &amp; sustainability consultants<\/a>, at <strong>UHY Fay &amp; co<\/strong>, we are aware of the fact of all the questions and the complexity of the regulations.<\/p>\n<h2><strong>What is the Non financial Information State (EINF)?<\/strong><\/h2>\n<p>Since the enactment of Law 11\/2018, adapting to the European Directive 2014\/95\/EU, the <strong>Non Financial Information Statement<\/strong> has become a mandatory document for companies. It arises from the market&#8217;s need for increased transparency and enhanced management of ESG (Environmental, Social, and Governance) risks in non financial matters.<\/p>\n<h2><strong>What information should we include in the Non Financial Information Statement?<\/strong><\/h2>\n<ul>\n<li>Business Model<\/li>\n<li>Environmental Impact of the company and its management<\/li>\n<li>Rules to ensure Labor Rights and Gender Equality.<\/li>\n<li>Human Rights<\/li>\n<li>Tools for fighting against Corruption, Bribery, and Money Laundering.<\/li>\n<li>Procedures of Supervising and control on the supply chain and suppliers<\/li>\n<li>Key indicators of non financial results according to European Union standards &amp; Global reporting initiative<\/li>\n<\/ul>\n<h2><strong>How is the Non Financial Information Statement introduced?<\/strong><\/h2>\n<p>Regulations allow organizations to submit the <strong>Non Financial Information Statement<\/strong> built into the management report or separated. <u>Regardless,<\/u> the annual accounts and the management report must <u>form a unified whole that includes the <strong>Non Financial Information Statement<\/strong>.<\/u><\/p>\n<p>The <strong>Non Financial Information Statement must be signed by the administrators of the company, presented to <\/strong>the advisory board of directors and administration, and \u00a0approved by the shareholder meeting. The administrators have the final verdict of the document.<\/p>\n<h2><strong>Should it be validated?<\/strong><\/h2>\n<p>The 11\/2018 normative requires that the information in the <strong>Non Financial Information Statement<\/strong> be reviewed by an <strong>independent service provider<\/strong>, therefore, the <strong>independent verification of the Non Financial Information Statement is essential and mandatory.<\/strong><\/p>\n<p>If you have any doubt about the <strong>Non Financial Information Statement<\/strong>, <strong>don\u00b4t hesitate to contact our consultant experts in sustainability <\/strong>at UHY Fay &amp; Co. \u00a0We can help you navigate current regulations transparently and with confidence.<\/p>\n<h2><strong>How can we help you?<\/strong><\/h2>\n<p>Rely on us to streamline the preparation of your <strong>Non Financial Information Statement<\/strong> documentation, optimizing your time and ensuring quality.<\/p>\n<p>If you already have a report prepared by another supplier, we can independently verify it, ensuring reliability and quality.<\/p>\n<p>At UHY FAY &amp; CO, we not only help you comply with regulations but also highlight our company&#8217;s efforts in Environmental, Social, and Governance issues.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15135\" src=\"https:\/\/www.uhy-fay.com\/wp-content\/uploads\/2024\/01\/Marta-Casasola.jpg\" alt=\"Marta Casasola - UHY Fay &amp; Co\" width=\"150\" height=\"210\" \/><\/p>\n<p>Marta Casasola- UHY FAY &amp; CO<\/p>\n<p>Socia \u2013 Partner<\/p>\n<p>Sustainabilty | ESG | Climate Change<\/p>\n<p>mcga@uhyfay-cointegra.com<\/p>\n<p><strong>Tel. +34 91 117 54 00<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this report, we will explain what the Non Financial Information Statement is, which companies require it and all the necessary requirements. Many responsibilities must be fulfilled by companies to comply with current laws. The obligation to report non financial information has been in effect since 2021, for entities with more than 250 workers, including&#8230;<\/p>\n","protected":false},"author":4,"featured_media":15169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[74],"tags":[],"class_list":["post-15207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esg-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Non Financial Information Statement | UHY Fay &amp; Co<\/title>\n<meta name=\"description\" content=\"Non \u2013 Financial Information Statement. Which companies are Required to Implement it? 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