Sustainability reporting
Last updated: 4 December 2024.
New rules in the Accounting Act about sustainability reporting will be gradually introduced. As from the accounting year 2024 some large companies of public interest are obliged to report on sustainability.
Large companies of public interest are companies listed on the stock exchange, banks, mortgage companies and insurance companies. The terms which trigger the duty to report on sustainability are, that the company on the balance sheet date either:
- have an average number of employees of more than 500 man-years for the accounting year or
- is the parent company in a large company group with an average number of employees of more than 500 man-years in the accounting year
The sustainability reporting is a part of the annual report and must be certified by an auditor. The reporting service for submission to The Register of Company Accounts will be ready in March 2025.
Read more about the changes in The Accounting Act
Sustainability reporting for other companies applies from:
As from the accounting year 2025 all large companies and company groups must report on sustainability.
This applies to both listed and unlisted companies.
There are some exceptions from the obligation to report on sustainability in 2025.
Listed small and medium-sized companies and company groups are obliged to report on sustainability as from the accounting year 2026.
Companies can still postpone the reporting until the accounting year 2028, if they include a short declaration in their annual report explaining why they have not reported yet.
Small companies are not required to prepare their own sustainability report.
Micro companies including those who are listed, are not required to to prepare their own sustainability report.