Background & Purpose
To follow common European rules, companies need to be more transparent about their environmental impact and how they work with social and economic responsibility.
Proposals & Debate
The government proposed implementing two new EU directives into Swedish law. These require companies to share more detailed sustainability data, have reports checked by an authorized auditor, and large stock-listed companies to report changes in board gender balance.
The Decision
The Swedish parliament approved the legislative changes with a large majority, meaning the new rules will become law.
Does this affect you?
- Stock-listed companies: Must annually report updates and changes regarding the gender balance in their board of directors.
- Affected companies: Must produce more comprehensive sustainability reports that include detailed environmental data.
- Authorized auditors: Must officially review and verify the companies' new sustainability reports.
In Practice
- Companies must include detailed data on greenhouse gas emissions in their reports.
- A larger number of companies are now legally required to submit a sustainability report.
- An authorized auditor must independently check and review the sustainability report.
- Large stock-listed companies must disclose changes in their board gender balance compared to the previous year.