The Danish Financial Supervisory Authority has issued two amending executive orders that defer CSRD sustainability reporting requirements for firms that, under forthcoming EU changes, will no longer be within the directive’s scope. The changes follow the final adoption by the EU Council and the European Parliament of the first Omnibus sustainability package, which revises sustainability reporting under the Corporate Sustainability Reporting Directive (CSRD) and due diligence under the Corporate Sustainability Due Diligence Directive (CSDDD) and narrows the CSRD population. The amendments to the accounting executive orders for credit institutions and investment firms and for insurance undertakings and cross-sector pension funds postpone sustainability reporting for entities that were previously subject to the requirement but will fall outside the revised CSRD scope for financial years 2025 and 2026, meaning these firms will not need to produce a sustainability report. New accounting executive orders are being prepared to implement Omnibus I, under which only financial firms with more than 1,000 employees and net turnover above EUR 450 million will be required to report from financial year 2027. Guidance will be updated on an ongoing basis to reflect the applicable rules and changes in the accounting directives.
Danish Finanstilsynet 2026-02-27
Danish Financial Supervisory Authority postpones CSRD sustainability reporting for financial firms set to fall outside scope under EU Omnibus I
The Danish Financial Supervisory Authority issued two amending executive orders deferring Corporate Sustainability Reporting Directive (CSRD) requirements for firms no longer within the directive’s scope due to EU changes. These amendments postpone sustainability reporting for certain entities for financial years 2025 and 2026. New accounting orders will require only financial firms with over 1,000 employees and net turnover above EUR 450 million to report from 2027.