On 26 June 2017, the European Commission (the "Commission"), published guidelines on the methodology to be adopted by certain large companies and groups when reporting non-financial information under Directive 2014/95/EU amending the Accounting Directive. The Commission's intention is to improve the quality, relevance, usefulness, consistency and comparability of companies' non-financial information in a way that creates greater market transparency for stakeholders and so fosters growth. The guidelines are based around key principles, which include the guidance that disclosure must:

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