ESG: Who do the rules apply to?

Danish companies in reporting classes D and C-large are covered by the new sustainability reporting requirements.

• From the financial year 2024, PIE companies with more than 500 full-time employees will be included. PIEs are public interest entities, i.e. listed companies, financial or mortgage institutions and insurance companies.
• From the financial year 2025, companies in accounting class C-large will be included.
• From the 2026 financial year, listed SMEs will follow.

The question of whether your company will be subject to sustainability reporting requirements depends on which category you belong to in relation to the size thresholds below.

Companies that for two consecutive years exceed the size thresholds for accounting class C-middle will be included.

Subsidiaries will be able to refer to a parent company's reporting for the group, but regardless of size, all subsidiaries should expect to be involved in collecting ESG data for the parent company in the coming years.  

Many more companies are getting involved in reporting requirements

It is expected that many more companies than those covered by legislation will be required to provide ESG data to their customers, suppliers and/or credit institutions.

That's why inforevision recommends that companies start clarifying whether they need to provide ESG data to their business partners and what it will require. This will enable you to provide customers and business partners with the right data at the right time and in the right quality.

Read more:

> What is ESG and why are the rules being introduced?

> Who do the rules apply to?

> What are the requirements for sustainability reporting (CSRD)?