Law for mandatory sustainability report
The proposal applies to all organizational forms covered by the Annual Accounts Act. A sustainability report should, as proposed, either be a part of the management report, alternatively be a separate report. The content does not need to be certified by an auditor, but the auditor shall mention that the report has been prepared.
For these large companies that are listed, there also requires a presentation of the company's diversity policy as a part of its corporate governance report.
The limits that the legislative proposal defines for a large company is that the company, for two years, met more than one of the following limits:
- Average number of employees: 250 people
- Balance sheet: total SEK 175 million
- Net turnover: SEK 350 million
- In addition: large groups of parent large, listed and financial companies