Non$-$financial reporting $($NFR$)$ is the process of disclosing information about a company's performance that is not related to its financial performance. This type of reporting includes information about a company's environmental, social, and governance $($ESG$)$ performance, as well as information about its human capital, customer relations, and other aspects of its operations.Statement $1$: The NFR Directive is a leading example of how the landscape has changed and continues to change. Statement $2$: The evolution of accountability shows us it is only a matter of time before prominent voluntary initiatives will become mandatory regulations, being ahead of the curve will help businesses mitigate any backlash.