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Transposition of EU NFR Directive: Sustainability and Diversity Improvement Act 257/ME

Austria Current 2016

Amendments stays within the scope and content of the EU directive, the explanatory document to the draft law uses GRI as one of the main frameworks for NFI reporting and goes into further detail on materiality matters.

Issuer name

Ministry of Justice

More information

The final legislation does not present additional recommendations for non-compliance/ fines or make suggestions for third-party verification.

Organizations covered by the instrument

Large private and listed companies

Target organization notes

PIEs 500+: 1, Listed companies 2, Credit institutions 3, Insurance undertakings 4, Capital market oriented enterprises 5, more than 500 employess

Industry scope

All/none specified

Disclosure venue

Management report; non-financial 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)

Economic performance

Status

Current

Country

Austria

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

Go to the instrument