Com­pa­nies sub­ject to sus­tain­abil­ity re­port­ing

These instructions apply to large listed companies and large public interest entities (PIEs) that file a sustainability report as a part of their financial statements.

Sustainability reporting obligation for large unlisted companies to be postponed

The sustainability reporting obligation for large unlisted companies will be postponed by two years. They must produce their first sustainability report for 2027 and publish it in spring 2028. Please note that the postponement does not apply to the companies that were required to produce a sustainability report for 2024. Read more in our announcement in Finnish and Swedish.

On this page:

Companies for which sustainability reporting is mandatory

The following companies must file a sustainability report and all financial statement documents in digital format with the Finnish Trade Register.

1) Large listed companies that are already obligated to report the company’s non-financial details

2) Such parent companies in PIE groups that have an average of 500 or more employees during the financial period

3) Other large companies

Mandatory sustainability reporting applies to companies that meet at least two of the following conditions:

  • The balance sheet total is at least 25 million euros.
  • The turnover is at least 50 million euros.
  • The company has an average of more than 250 employees during the financial period.

The obligation applies to reporting as of the financial period starting on 1 January 2027.

Read our instructions: How to file a sustainability report as part of digital financial statements.​

4) Small and medium-sized listed companies and other companies subject to sustainability reporting

Mandatory sustainability reporting applies to the following companies:

  • Small and medium-sized listed companies
  • Such companies subject to sustainability reporting that are small and non-complex institutions as referred to in the Capital Requirements Regulation or captive insurance companies or reinsurance companies as referred to in the Finnish Insurance Companies Act
  • The Seafarers’ Pension Fund and the Farmers’ Social Insurance Institute with respect to their investment activity

The obligation applies to reporting as of the financial period starting on 1 January 2028.

Read our instructions: How to file a sustainability report as part of digital financial statements.​

5) Large non-EU companies

Mandatory sustainability reporting applies to non-EU companies that meet the following conditions:

  • The company has a subsidiary or a permanent place of business within the EU.
  • The turnover within the EU exceeds 150 million euros.

The obligation applies to reporting as of the financial period starting on 1 January 2028.

Read our instructions: How to file a sustainability report as part of digital financial statements.​

Exemption from preparing sustainability reports

A subsidiary does not have to draft a sustainability report if its parent company resides within the European Economic Area (EEA) and if the details about the subsidiary and its subsidiaries are included in the parent company’s consolidated annual report and consolidated sustainability report.

This exception does not affect the obligation to draw up digital financial statements. These companies are obliged to draw up their financial statements in digital format, even if they do not themselves prepare a sustainability report.

Please note that this exemption does not apply if the subsidiary is a listed large undertaking. For more information, go to “See the legislation for more information” below.

Sustainability report can be drafted voluntarily

A company can draft a sustainability report even if it is not required by law to do so based on its size or company form.

Companies that draft a voluntary sustainability report can utilise the VSME standard and choose between reporting at the basic or comprehensive levels.

See the legislation for more information

Provisions on sustainability reporting are laid down in chapter 7 of the Finnish Accounting Act.

Provisions on a subsidiary’s exemption from the reporting obligation (when the subsidiary’s details are included in the consolidated financial statements of the parent company within the EEA) are laid down in chapter 7, section 17 and section 19 of the Finnish Accounting Act.

Read more in the reference database of Finnish legislation Finlex:
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