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 legislation establishes mandatory sustainability reporting requirements for third-country enterprises and amends multiple Austrian legal frameworks governing corporate entities and financial institutions. The law modifies 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 various sectoral regulations including the 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). Additional amendments affect the 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 Supervision Act (Abschlussprüfer-Aufsichtsgesetz), and Alternative Investment Fund Managers Act (Alternative Investmentfonds Manager-Gesetz).
The National Council approved the legislation on January 21, 2026, with the Federal Council confirming passage on February 5, 2026. The law came into effect upon publication in the Austrian Federal Law Gazette (Bundesgesetzblatt).
REFERENCES:
Austrian Federal Law Gazette (Bundesgesetzblatt) I Nr. 6/2026: https://www.ris.bka.gv.at/eli/bgbl/I/2026/6/20260218