The Danish Financial Statements Act: Experiences after 3 years of mandatory CSR reporting
In 2008 the Danish Parliament with overwhelming majority passed a bill amending the Danish Financial Statements Act. The amendment made it mandatory for the approximately 1100 largest companies in Denmark to report on CSR policies in case they have such policies. In particular, the companies must include the following information on CSR in their annual report:
1. The content of their CSR policies, including any standards, guidelines and principles for CSR used by the company.
2. How the company implements its CSR policies and put them into action including any systems or procedures used.
3. The company’s evaluation of what has been achieved as a result of the CSR initiatives during the financial year including any future expectations.
All the info in Danish Government CSR site
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