TITLE: Austria Enacts Sustainability Reporting Law to Implement European Directive
BODY:
On February 18, 2026, Austria's Federal Ministry of Justice (Bundesministerium für Justiz) enacted the Sustainability Reporting Law (Nachhaltigkeitsberichtsgesetz – NaBeG), implementing European Directive 2022/2464 into Austrian law.
The law establishes requirements for third-country enterprise reporting and amends multiple pieces of Austrian legislation governing corporate entities and financial institutions. The amendments affect the Corporate Code (Unternehmensgesetzbuch), Stock Corporation Act (Aktiengesetz), Limited Liability Company Act (GmbH-Gesetz), Cooperative Act (Genossenschaftsgesetz), Cooperative Audit Act 1997 (Genossenschaftsrevisionsgesetz 1997), European Company Regulation (SE-Gesetz), European Cooperative Society Regulation (SCE-Gesetz), Labour Constitution Act (Arbeitsverfassungsgesetz), Auditor Profession Act 2017 (Wirtschaftstreuhandberufsgesetz 2017), Court Officers Act (Rechtspflegergesetz), Court Fees Act (Gerichtsgebührengesetz), Country-by-Country Reporting Publication Act (CBCR-Veröffentlichungsgesetz), Auditor Oversight Act (Abschlussprüfer-Aufsichtsgesetz), Alternative Investment Fund Managers Act (Alternative Investmentfonds Manager-Gesetz), 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 law was approved by the National Council (Nationalrat) on January 21, 2026, and the Federal Council (Bundesrat) on February 5, 2026. The legislation aligns Austrian corporate and financial regulatory frameworks with European Union sustainability reporting standards.