The Financial Reporting Accounting Standard nº 26, 2010

Issued by the Portuguese Government, this standard replaces the 29th Accounting Standard. It adopts the European Commission recommendation of 30 May 2001 on the recognition, measurement and disclosure of environmental issues in the annual accounts and annual reports of companies.

Issuer name

Commission for Accounting Normalization (CNC)

More information

Objectives: "The purpose of this accounting and financial reporting standard is to prescribe the criteria for recognition, measurement and disclosure of environment, liabilities and environmental risks and related assets resulting from transactions and events which affect, or are likely to financial position and results of the reporting entity. This standard also identifies the type of environmental information that is appropriate disclosure, regarding the entity's attitude towards environmental matters and the environmental performance of the entity, to the extent that they may have significant for their financial position"

Reporting resources

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

all reporting entities

Industry scope

All/none specified

Disclosure venue

Annual report

ESG coverage - E (Environment)

All

Status

Current

Country

Portugal

Region

Europe

Date of publication

2010

Issuer type

Governments (governmental department, agency)

Reporting requirements

Guidelines and standards for non-financial reporting

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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