Proposal on independent providers of audit services regarding sustainability reporting
Published 13 December 2024
Category: Impact and ESG
The Danish Parliament has presented a proposal for legislation on independent providers of audit services regarding sustainability reporting.
The proposal introduces the possibility for persons other than approved auditors to issue statements on companies’ sustainability reporting under the CSRD. The proposal provides a new main act including requirements for registration and approval of independent statement providers as well as the terms and conditions for carrying out the statement assignments on sustainability reporting, and rules on public oversight.
The proposal intends to ensure statements from independent providers will be on a par with statements issued by approved auditors on sustainability reporting. Further, the proposal intends to contribute to an increasing competition and providing more choices for companies that must prepare a sustainability report.
Finally, the proposal clarifies that alternative investment funds (AIFs) are exempt from the requirements for companies’ sustainability reporting as a result of the CSRD.
Parts of the proposal are expected to come into effect on 1 February 2025, while other parts are scheduled to come into effect later.
The proposal can be read in Danish here.
Tags: CSRD