Summary
Details
- Denmark
Legally binding for:
Large Danish companies and listed entities falling within the non-financial reporting and CSRD scope.
Parent companies are responsible for consolidated sustainability reporting.
Subsidiaries may be exempt where a parent company provides compliant group-level reporting.
Small and micro-entities outside statutory thresholds are generally excluded.
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What’s Required
Denmark requires in-scope companies to disclose sustainability information as part of their statutory annual reporting under the Danish Financial Statements Act.
Key requirements include:
Disclosure of policies, due diligence processes, principal sustainability risks and impacts, and outcomes.
Description of the business model and how sustainability risks and opportunities affect strategy and performance.
Alignment with the EU Corporate Sustainability Reporting Directive (CSRD) architecture and the European Sustainability Reporting Standards (ESRS), once applicable.
Sustainability statements may be included directly in the annual report or published separately with a clear cross-reference.
Group reporting may satisfy subsidiary obligations where legal conditions are met.
Important Deadlines
FY 2024 reporting (published in 2025): first CSRD reporting cycle for companies in the initial wave.
Subsequent waves follow EU phasing rules.
A Danish “stop-the-clock” approach discussed in late 2025 may postpone CSRD reporting by two years for certain companies not yet in scope, while maintaining legacy-style reporting in the interim.
Current Status
CSRD has been transposed into Danish law through amendments adopted in 2024. Section 99a-style sustainability reporting remains operational and is expected to apply until postponed CSRD obligations enter into force for affected companies.
Penalties for Non-Compliance
Administrative fines for missing or deficient sustainability disclosures.
Corrective orders issued by the Danish Business Authority.
Periodic penalty payments until compliance is achieved.
Potential liability for management members responsible for reporting.
Examples of Known Violations
Failure to publish mandatory sustainability statements.
Incomplete or purely descriptive disclosures lacking required risk, policy or outcome information.
Failure to correctly rely on group reporting exemptions.
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