In accordance with the EU directive 2014/95/EU, business corporations with more than 500 employees that qualify as large undertakings and public-interest entities as defined by the Czech act on accounting (these include, for instance, banks, insurance companies or large companies with securities admitted to trading on an-EU regulated market) are subject to so-called non-financial reporting starting January 1, 2017.

Obliged companies have to include additional non-financial information into their annual reports or make such information public in a separate report, such as sustainability report or social responsibility report. Corporate group is allowed to issue one consolidated report. Read the full story CZECH REPUBLIC: New Obligations for Large Companies