Under Directive 2014/95/EU, large companies must publish information related to environmental matters, social matters and treatment of employees, respect for human rights, anti-corruption, and bribery. They also must disclose information about governance diversity regarding gender, age, professional and educational background of members in company boards.
Published in Chapter:
Non-Financial Reporting: A Comparative Analysis With a Focus on the Combat Against Money Laundering – Evidence From Major European Banks
Catia Nunes (Nova School of Business and Economics, Portugal) and Leonor Fernandes Ferreira (Nova School of Business and Economics, Portugal)
Copyright: © 2022
|Pages: 28
DOI: 10.4018/978-1-7998-9410-0.ch009
Abstract
This chapter analyzes disclosures on anti-money laundering made by the largest banks in Germany, France, and the United Kingdom. Directive 2014/95/EU has transformed the way banks with more than 500 employees disclose non-financial information. The findings show that between 2013 and 2017 compliance has increased, while understandability has remained the same. Despite the fact that a common regulation is applied, this research highlights differences and similarities in disclosures of non-financial information among banks. It adds an overview of the non-financial reporting in the banking sector to the literature, which is not limited to a specific country.