New regulations for firms in force

New EU regulations take effect today that will see some of Ireland’s biggest companies publishing information on a range of policies from gender diversity on boards of directors to greenhouse gas emissions.

The EU regulations introduce new non-financial reporting requirements for some of Ireland’s largest companies. A regulation from the EU is a law that takes effect immediately once introduced, unlike a directive which allows a member state to implement it over time.

The regulation means large companies will be required to publish non- financial information about their company policies, and it applies to financial years beginning on or after August 1 this year.