It is about the amendment to the Accounting Act, the Act on statutory auditors, audit companies and public supervision and some other acts.
According to the company's Act signed by the president so -called second wavei.e. large units as well as small and medium -sized companies, which are issuers of securities allowed to trading in one of the regulated markets of the European Economic Area, will be a commitment to preparing ESG reports in 2028 (for the financial year 2027). However, units from the so -called third wavei.e. companies that are not fought on the stock exchange, will be required to report sustainable development only in 2029 (for the financial year 2028).
The current regulations assume that Units from the second wave were to report ESG next year in 2025, and from the third group were to submit a report for 2026 in 2027. The need to create reports was therefore moved by two years. It is a breath of relief for companies that would have to bear the related costs.
The amendment also assumes that units for which ESG reporting will be relevant for reasons for the business strategy used or the need to provide information for capital suppliers will be able to voluntarily prepare it.
Some companies (from the so -called first group) are already reporting in the field of ESG. These are the largest enterprises, employing over 500 employees (and meeting additional income criteria) and companies, headed by groups in which employment exceeds 500 people. These companies have already submitted such reports this year for 2024.
The act will enter into force after 14 days from the date of its announcement.
