Government proposes to postpone sustainability reporting obligation of large unlisted companies until 2027
Under the proposal, large companies would be required to produce their first sustainability report for the year 2027 and publish it in spring 2028. The Government’s aim is to reduce the administrative burden of Finnish companies to the extent permitted by EU legislation.
On 4 September 2025, the Government submitted to Parliament a proposal to amend the entry-into-force provision of the Accounting Act. The proposal is based on the EU’s Omnibus package, which balances sustainability goals with the administrative burden of companies.
“The Omnibus package aims to remove a significant number of companies from the scope of sustainability reporting. This is important deregulation that will reduce EU-imposed administrative obligations on Finnish companies,” says Minister of Employment Matias Marttinen.
The Government’s proposal would implement the first phase of the package, which postpones the entry-into-force of the sustainability reporting requirements by two years. EU negotiations on the next phase of the package will begin in October 2025 and, if implemented, would reduce the scope of application of reporting rules to cover only large companies.
The two-year postponement to the sustainability reporting requirements only applies to companies that have not yet been obligated to submit such reports. The postponement therefore does not apply to large listed companies and groups required to produce a sustainability report for the 2024 financial year.
The legislative amendment would enter into force on 1 December 2025, but its provisions could already be applied for financial years beginning on or after 1 January 2025.
Inquiries:
Jaakko Aromaa, Special Adviser to the Minister of Employment, tel. +358 295 047 110 (questions to the Minister of Employment)
Timo Kaisanlahti, Chief Specialist, Ministry of Economic Affairs and Employment, tel. +358 295 047 139