Hundreds of the largest private and state-owned companies and institutional investors in Denmark must include corporate social responsibility information in their annual financial reports beginning in 2010.
The Danish Parliament voted in mid-December to force the 1,100 largest enterprises to describe their corporate CSR or socially responsible investment policies, the ways in which they’ve been implemented and the results they’ve produced.
Auditors must verify the CSR/SRI information. To incentivize companies to join the U.N. Global Compact or U.N. Principles for Responsible Investment, the Danish government will allow members to refer in the annual reports to their Communication on Progress in lieu of reporting under the new rules.