The Alliance for Corporate Transparency brought together leading civil society organisations and experts to carry out the largest study on corporate sustainability reporting to date. The objective of the project is to provide evidence-based recommendations to improve and develop the EU Non-Financial Reporting Directive (NFRD). This initiative also serves as an open platform to discuss policy proposals on corporate transparency with civil society organisation companies, and investors.


Project coordinator: Frank Bold // Technical partner: Sustentia

Content partners: Business and Human Rights Resource Centre, Future-Fit Foundation, Transparency International, WWF

Advisory Group: ClientEarth, CDP Europe, CORE Coalition, Germanwatch, Shift Project, Themis Research, Oxfam, ShareAction, SOMO and Climate Disclosure Standards Board, Global Witness, 2 Degrees Initiative Investing and Publish What You Pay.

Academic support provided by: Cass Business School and Nyenrode Business School

All the above-mentioned organisations have contributed to the development of the initiative. However, content partners have the responsibility to review, control and/or resolve in case of disagreements.

Frank Bold and Sustentia take responsibility for any error or inaccuracy in the research and presentation of results.

Organisations involved in consultation rounds to develop the research methodology include: Principles for Responsible Investment, Global Reporting Initiative, European Trade Union Institute, FERN, ActionAid, E3G, Clean Clothes Campaign

Test partners: Novo Nordisk, SAP, Vodafone and Repsol engaged in constructive discussions concerning the assessment criteria and the initial tests performed in the first round of research in 2018 - this collaboration was carried out completely pro-bono.

The Alliance for Corporate Transparency has carried out the following studies:


Friends Provident Foundation, Joseph Rowntree Charitable Trust, Sigrid Rausing Trust, Charles Leopold Mayer Foundation, Wallace Global Fund, Laudes Foundation

This project is part of the European Climate Initiative (EUKI) of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU).

Contact: For any queries, please contact Susanna Arus, Project Coordinator at

Newsletter: You can register for our newsletter here to receive updates on the project.