The Danish Financial Supervisory Authority has published a set of observations from its review of initial sustainability reporting issued alongside 2024 annual reports by 21 financial firms. The observations are intended to help firms improve upcoming reporting and to support the authority’s ongoing supervisory guidance. The review focused on how in-scope firms explained their double materiality assessments, and included a deeper dive into key parts of the reporting from five selected firms. Work concentrated on disclosures expected to remain relevant even as the European Union revises the Corporate Sustainability Reporting Directive, known as CSRD, through the Omnibus I simplification package, including information on firms’ climate impacts. The authority indicated that its supervisory approach will emphasise guidance on meeting the data and organisational demands of CSRD sustainability reporting while the EU rule set is being revised.
Danish Finanstilsynet 2025-12-18
Danish Financial Supervisory Authority sets out observations from 21 firms’ first sustainability reporting under the Corporate Sustainability Reporting Directive
The Danish Financial Supervisory Authority reviewed initial sustainability reports from 21 financial firms to enhance future reports and guide supervisory practices. The review emphasized double materiality assessments and key disclosures, relevant amid the EU's revisions to the Corporate Sustainability Reporting Directive (CSRD). The authority will guide firms to meet CSRD data and organizational requirements during the EU's rule revision process.