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Transposition of EU NFR Directive: HE 208/2016 Government proposal to Parliament for Amendments to Accounting Act and certain related Acts

Finland Current 2016

Amendments made to national legislation that enforce greater corporate transparency and CSR/ Non Financial Reporting.

Issuer name

Ministry of Economic Affairs and Employment

Government ministry

Business/Trade/Industry

More information

Amendments to Accounting Act, Securities Markets Act, Companies Act and the Cooperative Societies, to comply with the EU NFI directive, not moving beyond the scope but seeking to incorporate most of the directives recommendations not just requirements.

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

PIE 500+

Industry scope

All/none specified

Disclosure venue

Annual report; separate report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

Employment Conditions, Policies and Practices, Human Rights

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

2016

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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