TITLE: Austria Enacts Sustainability Reporting Act Implementing European Directive
BODY:
On February 18, 2026, Austria's Federal Ministry of Justice (Bundesministerium für Justiz) enacted the Sustainability Reporting Act (Nachhaltigkeitsberichtsgesetz – NaBeG), published in the Federal Law Gazette (Bundesgesetzblatt) Part I, Number 6/2026.
The act implements European Directive 2022/2464 into Austrian law and establishes requirements for third-country enterprise reporting. The legislation amends multiple Austrian legal frameworks governing corporate entities and financial institutions, including the Corporate Code (Unternehmensgesetzbuch), Stock Corporation Act (Aktiengesetz), Limited Liability Company Act (GmbH-Gesetz), Cooperative Act (Genossenschaftsgesetz), European Company Regulation (SE-Gesetz), European Cooperative Society Regulation (SCE-Gesetz), and labour and financial sector legislation. Specifically, it modifies provisions in the Labour Constitution Act (Arbeitsverfassungsgesetz), Auditor Supervision Act (Abschlussprüfer-Aufsichtsgesetz), Alternative Investment Funds Manager Act, Banking Act (Bankwesengesetz), Stock Exchange Act 2018 (Börsegesetz 2018), Investment Funds Act 2011 (Investmentfondsgesetz 2011), National Bank Act 1984 (Nationalbankgesetz 1984), Savings Bank Act (Sparkassengesetz), and Insurance Supervision Act 2016 (Versicherungsaufsichtsgesetz 2016).
The act was adopted by the Austrian National Council (Nationalrat) on January 21, 2026, following parliamentary review, and subsequently approved by the Federal Council (Bundesrat) on February 5, 2026. The legislation establishes a comprehensive framework for sustainability reporting obligations applicable to Austrian enterprises and regulated financial entities operating across the European Union.
REFERENCES:
https://www.ris.bka.gv.at/eli/bgbl/I/2026/6/20260218