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Transposition of EU NFR Directive: New Accounting Act Draft

Norway Current 2017

Due to the similarities in the Norwegian Accounting Act (§ 1-5) to the requirements of the 2014/95/EU directive, the transposition of the directive into Norwegian law will be a small amendment to this pre-existing law.

Issuer name

Ministry of Finance

Government ministry

Finance/Treasury

More information

The substance requirements in the Accounting Act underwent slight changes. Additiona excplanation can be found here: https://www.sands.no/media/258396/eu-reform-of-corporate-social-responsibility.pdf

Organizations covered by the instrument

Large private and listed companies

Target organization notes

PIEs500+

Industry scope

All/none specified

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

Status

Current

Country

Norway

Region

Europe

Date of publication

2017

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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