Abstract
Non-financial reporting legislation was transposed to Portugal from the European Union Directive 2014/95/EU. The non-financial statement should contain enough information for an understanding of the impact of the company's activities, comprising at least the following: environmental, social and worker issues, equality between women and men, non-discrimination, respect for human rights, anti-corruption and fighting against bribery attempts. This study aims to evaluate whether banks have complied with the EU Directive, in the first year of implementation (2017). Results indicate that the mandatory non-financial reporting regulations were mainly fulfilled since the main topics are disclosed. However, there are significant differences among banks in terms of location of information, presentation/communication and details. Therefore, the EU regulations should advance more towards non-financial reporting standardization, improving data comparability among banks.
This chapter is financed by National Funds of the FCT – Portuguese Foundation for Science and Technology within the project UIDB/03182/2020.
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Santos, A.L., Rodrigues, L.L. (2022). Investigating the Effectiveness of Banks’ Non-financial Reporting in Portugal. In: Simões, C., Stancu, A., Grigore, G. (eds) Corporate Responsibility, Sustainability and Markets . Palgrave Studies in Governance, Leadership and Responsibility. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-79660-0_5
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