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Estonia · Bill · SE

991

Act on Amendments to the Accounting Act and the Act on Auditing

menetlusse voetudEstonia· Riigikogu· ET

Introduced

14 September 2026

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Status

MENETLUSSE_VOETUD

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Source updated

14 September 2026

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Summary

The bill significantly reduces the sustainability reporting obligation of companies. From now on, only very large companies with a sales revenue of more than 450 million euros last year and with an average of more than 1,000 employees during the financial year will have to submit a sustainability report. In Estonia, this affects approximately 10 accounting entities. The aim of the change is to reduce the administrative burden on companies and make the reporting obligation more proportionate. Small and medium-sized enterprises can continue to prepare sustainability reports based on the voluntary standard if they wish. Smaller companies in the value chain of large sustainability reporters are also protected from excessive reporting burden: companies with up to 1,000 employees can only be asked for information in accordance with the voluntary sustainability standard. Reporting and auditing costs may apply to companies exempted from the obligation reduction could have a cumulative impact of up to 30 million euros, although the actual savings may be lower if some companies continue to report voluntarily. In addition, the rules for auditing the sustainability report are specified. From now on, only a person who also holds the profession of financial auditor can be a certified sustainability auditor. Since sustainability reporting is closely related to the company's financial condition and risks, it is intended to ensure better audit control quality.

Machine translation from Estonian. The official text remains authoritative.

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11 official files

Seletuskirja lisa 2 (kooskõlastustabel) pdf

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