Dutch Civil Code, 1838

Netherlands Current 1838

Article 2:391 subsection 1 of the Dutch Civil Code effects the direct implementation of the EU Accounts Modernisation Directive (2003/51/EC) into Dutch law. It requires that organizations should, to the extent necessary for an understanding of their development, performance or position as far as relevant, give some information (financial and non-financial) about the environment, employees and risks in their annual reports. This requirement is compulsory for all listed companies irrespective of size, and all large non-listed companies.


General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All listed companies

Type of instrument


Mandatory or voluntary


The geographical scope


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