Response from the Danish Government to the public consultation on
non-binding guidelines for reporting of non-financial information by
companies
Denmark appreciates the opportunity to provide input to guidelines for
reporting of non-financial information by companies. Denmark has invit-
ed Danish stakeholders to provide input to the consultation process and
the response from the Danish Government includes the received com-
ments.
Denmark recognises the directive 2014/95/EU amending directive
2013/34/EU as regards disclosure of non-financial information as an im-
portant tool for companies, investors, shareholders and other stakeholders
to gain a fair and just understanding of the state of the company. Den-
mark has been among the first European countries to implement the di-
rective into national law.
Denmark supports guidelines for reporting of non-financial information
which can contribute to increased transparency on the impact of compa-
nies on the surrounding environment.
1. From a Danish point of view it is important that the guidelines as-
sist companies in operationalising key concepts in the directive
such as “business model” and “due diligence”. Therefore the
guidelines should include examples and best practise on non-
financial reporting which inspire and improve CSR-reporting.
Furthermore, the guidelines could include a list of possible KPI’s
and stakeholders.
2. The guidelines, however, should avoid increasing administrative
burdens for companies. This can be achieved by underlining the
considerable flexibility in the directive which allows companies to
report in a way which is relevant and meaningful to them.
3. There is a need for more alignment in the field of CSR. Therefore,
the guidelines should not be a new and additional framework, but
MINISTRY OF BUSINESS AND
GROWTH
Slotsholmsgade 10-12
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CVR no. 10 09 24 85
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