Non-Financial Reporting
Non-Financial Reporting (NFR) is a methodology for disclosing an organization's environmental, social, and governance (ESG) performance, alongside traditional financial data. It involves systematically collecting and presenting information on sustainability, corporate social responsibility, and ethical practices to stakeholders. This reporting helps assess a company's long-term value creation and societal impact beyond mere financial metrics.
Developers should learn Non-Financial Reporting to build or integrate systems that support ESG compliance, sustainability tracking, and stakeholder transparency in industries like finance, tech, and manufacturing. It's crucial for roles involving corporate reporting software, data analytics for sustainability metrics, or regulatory compliance tools, especially as global standards like the EU's CSRD mandate such disclosures.