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EU Directives

Dáil Éireann Debate, Tuesday - 18 October 2016

Tuesday, 18 October 2016

Questions (643)

Seán Sherlock

Question:

643. Deputy Sean Sherlock asked the Minister for Jobs, Enterprise and Innovation the status of EU Directive 2014/95/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups for transposition into Irish law. [30894/16]

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Written answers

Directive 2014/95/EU obliges certain large undertakings to include a non-financial statement in their annual directors’ report. It also obliges large listed companies to include a diversity report in their annual corporate governance statement.

The deadline for transposition is 6 December and the Directive is to apply to financial years beginning on or after 1 January 2017.

My Department intends to transpose Directive 2014/95/EU into Irish law by way of Ministerial Regulations. It is currently preparing draft Regulations for settlement with the Office of the Parliamentary Counsel, with a view to meeting the transposition deadline.

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