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The Finnish Accounting Act

Finland Current 1997

The Act requires certain companies to include material non-financial issues in the director’s report of the annual/financial report, and refers to the guidelines for good practice.

Issuer name

Ministry of Employment and the Economy

Government ministry

Business/Trade/Industry

More information

The report shall include an assessment defining the key ratios necessary to understand operations and financial position, as well as the results of operations of the reporting entity. In addition, ratios and other information on personnel and environmental factors, and other potentially significant matters impacting on the operations of the reporting entity, need to be disclosed.

Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

Disclosure venue

Annual report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

Human Rights, Employment Conditions, Policies and Practices

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour

ESG coverage- Eco (Economic & General)

All

Status

Current

Country

Finland

Region

Europe

Date of publication

1997

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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