CBS’ annual report for 2021 is approved

The CBS Board of Directors signed the annual report at the board meeting on 23 March and the report is now available to the public.


CBS’ annual report for 2021 has been published and it includes Senior Management’s review of 2021 and a full account of CBS’ overall financial position.

Two general frameworks for the implementation of the strategy were adopted in 2021; the Strategic Framework Agreement for 2022-2025 and the development of CBS’ Key Strategic Indicators (KSI) Framework, which are to be used for monitoring the development of the strategic efforts.

These two frameworks specify how CBS commits towards society, the CBS Board of Directors and the Minister for Science and Higher Education in the next years.

CBS closed 2021 with a DKK 49 million surplus, which is 30 million lower than in 2020, however, 29 million more than budgeted. The budget for 2021 had considered COVID-19 but the impact of lockdowns etc. has been much more comprehensive than expected.

The report also includes the following points:

• Nine out of 10 CBS graduates land jobs in the business community.

• 28% of CBS’ students have an international background.

• CBS has made exchange agreements with 295 universities and business schools around the globe.

• CBS has a Triple Crown accreditation which means that we have been accredited by EQUIS, AMBA, and AACSB. Less than 1% of business schools world-wide hold a Triple Crown.

• CBS received external funding worth DKK 150.2 million which is a little lower compared to 2020 which was a particularly good year.

• As one of the first universities in Denmark, CBS has introduced a formalised promotion track; a career track for especially talented associate professors who will have a clearer career path towards a promotion to a professor position.

• The number of project collaborations with the business community increased to 136 compared to 107 in 2020.

• As a first, CBS has equal gender distribution in the Board of Directors and an acceptable gender distribution in Senior Management and at director level, however, other management groups at CBS still do not have an equal gender distribution.

The page was last edited by: Sekretariat for Ledelse og Kommunikation // 07/11/2023