1. From the eyes of the assurer — April 24, 2018
The EU Directive (2014/95/EU) on non-financial and diversity information Is a new toothless tiger born?
From the eyes of the assurer —
April 24, 2018

2. Recap Please Note: Document classification is not to be removed.
The organization shall publish a sustainability report with non-financial disclosures:
Environmental issues
Social and employee related issues
Respect for human rights
Anti-corruption
The company’s business-model,
Policies applied by the company on the above stated subject matters including review procedures,
Result of the policy,
Material risks related to the subject matters and the company’s businesses,
Risk management, and
Central performance indicators of relevance for the business.
The law is applied for the financial year of 2017 which is reported during 2018
Shall be included in the Board of Director’s Report but can also be provided as a stand-alone report with reference
The sustainability report shall be published together with the Board of Director’s Report
If specific guidelines are used in establishing the sustainability report, this is to be specified
Comply or explain-principle
The organization’s auditor shall in the form of a written and signed statement declare whether a sustainability report has been published or not
The auditor’s statement shall be turned over to the organization’s management at the same time as the auditor’s report for the financial statements and then be added to the sustainability report
The establishment and publishing of the sustainability report for an organization falls within the responsiblity of the Board of Directors
Please Note: Document classification is not to be removed.

3. Support and guidance

4. What happened One Statutory report and a ”voluntary” report

5. What happened
Combined
Included in the directors report

6. What happened
Two types
Just fulfill the law
Ambitious

7. Diversity policy

8. Other areas
Increased focus from Board of directors as well as CFO:s and finance departement.
More/Better descriptions on business model
More focus on human rights
Still lacking in risk analysis
Anti-coruption is the least developed area

9. Is a new toothless tiger born?
NO!
But is it worth
the effort?

10. Thank you Torbjörn Westman Head of Assurance Services
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KPMG Headoffice Visiting address: Vasagatan 16
Mailing address: P.O.Box 382
SE STOCKHOLM, Sweden

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