From January 2021, public -interest companies with 250 or more employees,or for two consecutive years have a volume of assets greater than € 20,000,000and an annual turnover exceeding € 40,000,000, must include among theirreporting obligations social and environmental aspects: Non-Financial Reporting(NFR). Member States have 18 months for its transposition, to be applicable inthe financial years beginning on or after January 1, 2023. As regards Spain,the Institute of Accounting and Auditing of Accounts (ICAC) has alread ypresented a Preliminary Draft of transposition for public consultation.

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