28 Amendments of Özlem DEMIREL related to 2021/0104(COD)
Amendment 58 #
Proposal for a directive
Recital 8
Recital 8
(8) The ultimate beneficiaries of better sustainability reporting by undertakings are individual citizens and saverspublic authorities, trade union, workers and their representatives, individual citizens and savers. Policy makers and public authorities need this information in order to design and implement public policies, and in particular to protect people's rights and the environment, to hold undertakings accountable for their impacts and to conduct a just social and environmental transition. Trade unions, workers and their representatives need this information in order to be adequately informed about their company's activities and to be able to better engage in social dialogue. Savers who want to invest sustainably will have the opportunity to do so, while all citizens should benefit from a stable, sustainable and inclusive economic system. To realise these benefits, the sustainability information disclosed in undertaking’s annual reports first has to reach twohree primary groups (‘users’). The first group of users consists of policy makers and public authorities. The second group of users consists of investors, including asset managers, who want to better understand the risks and opportunities that sustainability issues pose to their investments and the impacts of those investments on people and the environment. The seconthird group of users consists of organisations, including non- governmental organisations and social partners, that wish to better hold undertakings to account for their impacts on people and the environment. Other stakeholders may also make use of sustainability information disclosed in annual reports. The business partners of undertakings, including customers, may rely on this information to understand, and where necessary report on, the sustainability risks and impacts through their own value chains. Policy makers and environmental agencies may also use such information, in particular on an aggregate basis, to monitor environmental and social trends, to contribute to environmental accounts, and to inform public policy. Few individual citizens and consumers directly consult undertaking’s reports, but they may use such information indirectly such as when considering the advice or opinions of financial advisers or non-governmental organisations. Many investors and asset managers purchase sustainability information from third party data providers, who collect information from various sources, including public corporate reports.
Amendment 97 #
Proposal for a directive
Recital 34
Recital 34
(34) The European Commission should guarantee the inclusion of trade unions in the development of sustainability reporting standards, and to include other relevant stakeholders. The European Commission may rely partly on the technical advice of the European Financial Reporting Advisory Group (EFRAG) is, a non-profit association established under Belgian law that serves the public interest by providing advice to the Commission on the endorsement of international financial reporting standards. EFRAG has established a reputation as a European centre of expertise on corporate reporting, and is well placed to foster coordination between European sustainability reporting standards and international initiatives that seek to develop standards that are consistent across the world. In March 2021, a multi-stakeholder task force set up by EFRAG published recommendations for the possible development of sustainability reporting standards for the European Union. Those recommendations contain proposals to develop a coherent However, the current structure, governance and functioning of EFRAG does not provide for the involvement of workers' representatives and civil society organisations. For example, EFRAG currently requires stakeholders to pay a fee in order to participate in its work which is a barrier for the participation of some stakeholder and entails a risk of conflict of interests with others. Importandt comprehensive set of reporting standards, covering all sustainability matters from a double- materiality perspective. Those recommendations also contain a detailed roadmap for developing such standards, and proposals for mutually reinforcing cooperation between global standard- setting initiatives and standard-setting initiatives of the European Union. In March 2021, the EFRAG President published recommendations fhanges regarding the governance of EFRAG are necessary in order to prevent all conflicts of interests and guarantee the inclusion of non- cor possible governance changes to EFRAG if it were to be asked to develop technical advice about sustainability reporting standards. These recommendations include offsetting up within EFRAG a new sustainability reporting pillar while not significantly modifying the existing financial reporting pillar. When adopting sustainability reporting standards, the Commission should take account of technical advice that EFRAG will developrate stakeholders. When adopting sustainability reporting standards technical advice from EFRAG should thus be sought only as part of a broader consultation that provides for the meaningful participation of non- corporate stakeholders. In order to ensure high-quality standards that contribute to the European public good and meet the needs of undertakings and of users of the information reported, EFRAG’s technical advice should be developed with proper due process, public oversight and transparency, accompanied by cost benefit analyses, and be developed with the expertise of relevant stakeholders. To ensure that Union sustainability reporting standards take account of the views of the Member States of the Union, before adopting the standards the Commission should consult the Member State Expert Group on Sustainable Finance referred to in Article 24 of Regulation (EU) 2020/852 on EFRAG’s technical advice. The European Securities and Markets Authority (ESMA) plays a role in drafting regulatory technical standards pursuant to Regulation (EU) 2019/2088 and there needs to be coherence between those regulatory technical standards and sustainability reporting standards. According to Regulation (EU) No 1095/2010 of the European Parliament and of the Council54 , ESMA also plays a role in promoting supervisory converge in the enforcement of corporate reporting by issuers whose securities are listed on EU regulated markets and who will be required to use these sustainability reporting standards. Therefore, ESMA should be required to provide an opinion on EFRAG’s technical advice. This opinion should be provided within two months from the date of receipt of the request from the Commission. In addition, the Commission should consult the European Banking Authority, the European Insurance and Occupational Pensions Authority, the European Environment Agency, the European Union Agency for Fundamental Rights, the European Central Bank, the Committee of European Auditing Oversight Bodies and the Platform on Sustainable Finance to ensure that the sustainability reporting standards are coherent with relevant Union policy and legislation. Where any of those bodies decide to submit an opinion, they shall do so within two months from the date of being consulted by the Commission. _________________ 54 Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).
Amendment 106 #
Proposal for a directive
Recital 43
Recital 43
(43) Sustainability reporting standards should specify the information that undertakings should disclose on social factors, including employee factors and human rights. Such information should cover the impacts of undertakings on people, including on human health. The information that undertakings disclose about human rights should include information about forced labour in their value chains where relevant. Reporting standards that address social factors should specify the information that undertakings should disclose with regard to the principles of the European Pillar of Social Rights that are relevant to businesses, including equal opportunities for all and working conditions. The European Pillar of Social Rights Action Plan adopted in March 2021 calls for stronger requirements on undertakings to report on social issues. The reporting standards should also specify the information that undertakings should disclose with regard to the human rights, fundamental freedoms, democratic principles and standards established in the International Bill of Human Rights and other core UN human rights conventions, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the fundamental conventions of the International Labour Organisation, and the Charter of Fundamental Rights of the European Union. working conditions, workers’ rights, social partners’ involvement, collective bargaining, trade union and human rights. Such information should be disclosed on a country-by- country basis, with close involvement of social partners and easily accessible to trade unions and civil society organisations for reporting and auditing requirements. Such information should cover the impacts of undertakings on workers and people, including on human health, affected communities, consumers and end-users. The information that undertakings disclose about human rights, fundamental freedoms and democratic principles should include information about forced labour, child labour, freedom of expression, access to clean water and sanitation, adequate housing, privacy, freedom of association and collective bargaining in their value chains. Reporting standards that address social factors should specify the information that undertakings should disclose with regard to the principles of the European Pillar of Social Rights that are relevant to businesses. These reporting standards should refer to equal opportunities for all, including gender equality and equal pay for equal work, training and skills development, employment and inclusion of people with disabilities, as well as and working conditions, with a focus on secure employment, wages, social dialogue, collective bargaining, respect for trade union rights and respect of workers’ right to be informed and consulted prior to final decisions on matters of significance importance to the workforce. The European Pillar of Social Rights Action Plan adopted in March 2021 calls for stronger requirements on undertakings to report on social issues. The reporting standards should also specify the information that undertakings should disclose with regard to the human rights, fundamental freedoms, democratic principles and standards established in the International Bill of Human Rights and other core UN human rights conventions, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the fundamental conventions of the International Labour Organisation as well as other conventions such as on collective bargaining, on workers' representation, working time, minimum wage protection, Occupational Heath and Safety and labour inspection services and the ILO´s Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy and the European Convention on Human Rights and the European Social Charter (revised) of the Council of Europe, the OECD Guidelines for Multinational Enterprises, and the Charter of Fundamental Rights of the European Union. Sustainability and social reporting should be carried out in close cooperation with appropriate worker representative bodies, according to EU labour law acquis and national law and practice, at relevant steps, for design, control and audit purposes. Workers’ representatives, and their trade unions, are to be provided with the necessary means and resources, including support of an expert, to enforce rights and obligations arising from this directive; The social standards of the Global Reporting Initiative which are already used should be included in this directive as one source of minimum standards in particular GR-401 till GR- 407; Social factors are the core of social reporting. There is no existing legislative act we can refer to so this social factors should be included and defined in this directive in a democratic process of the co-legislators. After the adoption of the most important social factors by the co- legislators the Commission may add this by delegated acts; If doing so the Commission may receive advice from the European Financial Reporting Advisory Group (EFRAG), a non-profit association under Belgian law solely dealing with financial reporting. Because in this Directive the reporting of environmental factors and of social factors have been added, the composition of stakeholders to be consulted by the Commission should be changed. If the Commission may continue to receive advice from EFRAG this group would need to be adapted in a tri-partite structure following this Directive to have experts on financial reporting but also on reporting on environmental factors from the relevant organisations and experts on reporting on social factors from Trade Unions and Civil Society organisations; The participation of EFRAG should be financed publicly to ensure equal access and to avoid discrimination;
Amendment 127 #
Proposal for a directive
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Directive 2013/34/EU
Article 1 – paragraph 3 – introductory part
Article 1 – paragraph 3 – introductory part
3. The coordination measures prescribed by Articles 19a, 19d, 29a, 30 and 33, Article 34(1), second subparagraph, point (aa), paragraphs 2 and 3 of Article 34, and Article 51 of this Directive shall also apply to the laws, regulations and administrative provisions of the Member States relating to the following undertakings and the undertakings defined in Article 19a(1) regardless of their legal form:
Amendment 128 #
Proposal for a directive
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Article 2 – point 20
Article 2 – point 20
(20) ‘independent assurance services provider’ means a conformity assessment body accredited in accordance with Regulation (EC) No 765/2008 of the European Parliament and of the Council*5 for the specific conformity assessment activity referred to in Article 34(1), second subparagraph, point (aa) of this Directive. (20a) ‘high-risk sector’ means a sector that is associated with a high likelihood of actual or potential severe impacts on sustainability matters. (20b) ‘high-risk areas means a geographical area that is associated with a high likelihood of actual or potential severe impacts on sustainability matters. (20c) ‘targets’ means measurable, specific, time-bound and, when applicable, science-based indicators
Amendment 132 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 1
Article 19a – paragraph 1
1. Large undertakings, public interest entities and, as of 1 January 2026, small and medium-sized undertakings which are undertakings referred to in Article 2, point (1), point (a),operating in high-risk sectors or high-risk areas listed in annex, and undertakings meeting those criteria that operate in the single market without being established in the European Union shall include in the management report information necessary to understand the undertaking’s impacts on sustainability matters, and information necessary to understand how sustainability matters affect the undertaking’s development, performance and position.
Amendment 141 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19 a – paragraph 2 – subparagraph 1 – point a – point ii
Article 19 a – paragraph 2 – subparagraph 1 – point a – point ii
(ii) the opportunities and risks for the undertaking related to sustainability matters; (iia) the assessment by the undertaking of its impacts on sustainability matters;
Amendment 144 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point a – point iii
Article 19a – paragraph 2 – subparagraph 1 – point a – point iii
(iii) the plans of the undertaking to ensure that its business model and strategy are compatible with the transition to a sustainable economy and with the limiting of global warming to 1.5 °C in line with the Paris Agreement; (iiia) the plans of the undertaking to ensure that its business model and strategy respect workers' rights and potentially affected communities
Amendment 149 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point a – point v
Article 19a – paragraph 2 – subparagraph 1 – point a – point v
(v) how the undertaking’s strategy has been implemented with regard to sussustainability matters and related targets, in connection with principal risks, opportunities, and severe impacts, have been integrated into the undertakinability mattersg’s strategy;
Amendment 151 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point b
Article 19a – paragraph 2 – subparagraph 1 – point b
(b) a description of the targets related to sustainability matters set by the undertakingscience-based and time-bound short-term, mid-term and long-term targets set by the undertaking to address the principal risks, opportunities and impacts of its activities with regards to sustainability matters, along with corresponding evidence; (new) a description of the investments, actions and policies adopted to achieve those targets, and of the progress the undertaking has made towards achieving those targets;
Amendment 153 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point b
Article 19a – paragraph 2 – subparagraph 1 – point b
(c) a description of the role of the administrative, management and supervisory bodies with regard to sustainability matters; , including with regard to: (i) the matters addressed by these bodies during the reporting period (ii) their engagement in the due diligence process implemented with regard to sustainability matters to identify adverse impacts, including any direct engagement with the stakeholders affected by the identified impacts; (ii) their engagement in the analysis of main risks and opportunities for the undertaking related to sustainability matters; (iii) approval of the undertaking’s strategy and targets related to sustainability matters and of financial resources for their implementation (iv) specific oversight on the implementation of the undertaking’s strategy related to sustainability matters; (v) expertise on sustainability matters possessed by the members of the administrative, management and supervisory bodies and consultation of external experts;
Amendment 154 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point d
Article 19a – paragraph 2 – subparagraph 1 – point d
(d) a description of the undertaking’s policies in relation to sustainability matters and in particular with respect to identified actual or potential severe impacts and opportunities;
Amendment 157 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point e – point i
Article 19a – paragraph 2 – subparagraph 1 – point e – point i
(i) the due diligence process implemented with regard to sustainability matters; in line with applicable EU legislation on due diligence [Directive XXX]; (new) the structure of the undertaking’s value chain including through a mapping of its own operations, subsidiaries, suppliers and business relationships. Disclosed information should include names, locations, types of products and services supplied.
Amendment 159 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point e – point ii
Article 19a – paragraph 2 – subparagraph 1 – point e – point ii
(ii) the principal actual or potential adverse impacts connected with the undertaking’s value chain as identified through the due diligence process, including its own operations, its products and services, its subsidiaries, its business relationships and its supply chain, including information on people affected by those impacts; (new) the negative or positive effects of the undertaking’s business practices, policies and decisions on the identified impacts, including its purchasing policies and practices;
Amendment 161 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point e – point iii
Article 19a – paragraph 2 – subparagraph 1 – point e – point iii
(iii) any actions taken, and the result of such actions, to prevent, mitigate oridentify, assess, prevent, mitigate, cease, monitor, communicate, account for, address and remediate actual or potential adverse impacts;
Amendment 166 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 3 – subparagraph 2
Article 19a – paragraph 3 – subparagraph 2
Amendment 170 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 3 – subparagraph 4
Article 19a – paragraph 3 – subparagraph 4
Member States may allow limited information relating to impending devel-opments or matters in the course of negotiation to be omitted in exceptional cases where, in the duly justified opinion of the members of the administrative, management and supervisory bodies, acting within the competences assigned to them by national law and having collective responsibility for that opinion, the disclosure of such information would be seriously prejudicial to the commercial position of the undertaking, provided that such omission does not prevent a fair and balanced under standing of the undertaking's development, performance, position and impact of its activity.
Amendment 176 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 7
Article 19a – paragraph 7
Amendment 178 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 7 – subparagraph 2
Article 19a – paragraph 7 – subparagraph 2
Amendment 180 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 7 – subparagraph 3
Article 19a – paragraph 7 – subparagraph 3
The Member State by which the undertaking that is exempted from the obligations set outgoverning a subsidiary of an undertaking referred to in paragraphs 1 to 4 is governed, may require that the consolidated management report referred to in the first subparagraph of this paragraphof that parent undertaking is published in an official language of the Member State or in a language customary in the sphere of international finance, and that any necessary translation into those languages is certified.
Amendment 183 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 7 – subparagraph 4 – introductory part
Article 19a – paragraph 7 – subparagraph 4 – introductory part
The management report of an undertaking that is exempted from subsidiary of a parent undertaking subjected to the obligations set out in paragraphs 1 to 4 shall contain all of the following information:
Amendment 184 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 7 – subparagraph 4 – point b
Article 19a – paragraph 7 – subparagraph 4 – point b
Amendment 185 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 7 a (new)
Article 19a – paragraph 7 a (new)
7a. The European Commission shall be empowered to adopt delegated acts in accordance with Article 49 to amend the lists of high-risk sectors and high-risk areas set out in Article 2, point (20a) and point (20b). The list shall take into account the NACE classification, existing legislation and guidelines of the European Union, international reporting standards, reports of international organisations, and relevant and reliable evidence. The European Commission shall guarantee the meaningful participation of stakeholders, including trade unions and civil society organisations, in the process of review and amendment of the lists. It shall guarantee that the process is.
Amendment 201 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2 – subparagraph 2 – point b – point i
Article 19b – paragraph 2 – subparagraph 2 – point b – point i
(i) equal opportunities for all, including gender equality and equal pay for equal work, training and skills development, and the average expenditure on training per worker and employment and inclusion of people with disabilities; on a country-by-country base;
Amendment 205 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2 – subparagraph 2 – point b – point ii
Article 19b – paragraph 2 – subparagraph 2 – point b – point ii
(ii) working conditions, including secure and adaptable employment, wages, social dialogue, collective bargainingundertaking’s workforce, on a country-by-country basis: (1) workforce composition and diversity with respect to gender equality and gender wage gap, vulnerable groups, and use of contingent labour including programmes and steps taken to reduce inequalities; (2) freedom of association, collective bargaining coverage, representation by trade unions and works councils and board-level employee representation where applicable; (3) wage levels disaggregated per gender, quartiles, workers categories and comparison with applicable minimum wage levels, risk at poverty wage level and living wages and the CEO-median worker pay gap; (4) working conditions, including secure employment, wages, working time, social dialogue, collective bargaining, respect for trade union rights and workers’ right to be informed and consulted, where applicable respect for the right of workers to elect worker board level representation, work-life balance and development of training and the average expenditures per worker and a healthy safe and well adapted work environment as protected in accordance with international, European, national instruments, agreements and by national labour law on a country-by- country base; (5) social dialogue and information and consultation arrangements established in accordance with the EU acquis in particular Directive2002/14/EC and, where applicable for Community-scale undertakings or Community-scale groups of undertakings, in accordance with Directive2009/38/EC, European Companies in accordance with Directive 2001/86/EC and European Cooperative Societies in accordance with Directive 2003/72/EC, as well as board-level employee representation where applicable. (6) occupational health and safety; (7) The undertaking’s value chain linked to severe actual and potential impacts, including sector-specific information on suppliers, types of products and services supplied, and on sourcing and traceability of commodities and materials associated with high likelihood of actual or potential adverse impacts on sustainability matters; (8) implementation and results of the undertaking’s due diligence process to meet its responsibility to respect human rights, understood as those human rights established in the International Bill of Human Rights and othe involvement of workers, work-life balance, and a healthy, safe and well- adapted work environment; r core UN human rights conventions, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work and the ILO fundamental conventions and the Charter of Fundamental Rights of the European Union; (9) workers in the value chain, including sector -specific data on workers in the value chains associated with high likelihood of actual or potential adverse impacts, corresponding to the data concerning the undertaking’s workforce information on impacts on human rights, including forced labour, child labour, privacy, freedom of expression and association, access to clean water and sanitation, and adequate housing -information on protection of labour costs, payment times and cancellations in purchasing policies and practices; (10) affected communities, including information on - human rights impact assessments carried out by the undertaking - respect for indigenous peoples’ rights and implementation of the undertaking’s policy on Free Prior and Informed Consent - health, safety and security of person - freedom of assembly and freedom of expression - human rights impacts related to land and access to water - economic impacts on communities; (11) consumers and end users, including information on - privacy and freedom of expression - health, safety and security of person - impacts related to marketing and advertising; In accordance with the EU labour law acquis and national law and practice, the central management shall consult with the appropriate worker representative bodies at the beginning of the reporting period on the design of the reporting system, including the indicators included and the means of obtaining and verifying sustainability information. Furthermore, they are to be consulted on in the identification of risks and impacts of the company on the environment and people. The appropriate worker representative bodies are also to be consulted 30 days prior to the submission of the sustainability report to the auditor. Employee representatives are to be provided with the resources, including the support of an expert, necessary to enable them to exercise the rights arising from this Directive in an appropriate manner. Member States shall ensure that workers’ rights to information and consultation are respected in relation to sustainability reporting and are exercised in accordance with the legal framework provided for in Directive 2002/14/EC and, where applicable for Community-scale undertakings or Community-scale groups of undertakings, in accordance with Directive 2009/38/EC, European Companies in accordance with Directive 2001/86/EC and European Cooperative Societies in accordance with Directive 2003/72/EC. Member States may decide that workers’ rights to information and consultation apply with respect to the workers of companies other than those referred to in Article 3(1) of Directive2002/14/EC. Where the administrative or management body of the company receives an opinion on the sustainability report in good time from the representatives of the workers or, where there are no such representatives, from the workers themselves, as provided for under national law, that opinion shall be appended to the sustainability report. This directive shall not affect higher reporting standards already reached on national level.
Amendment 213 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2 – subparagraph 2 – point b – point iii
Article 19b – paragraph 2 – subparagraph 2 – point b – point iii
(iii) respect for the human rights, fundamental freedoms, democratic principles and standards established in the International Bill of Human Rights and other core UN human rights conventions, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work and the ILO fundamental conventions and the Charter of Fundamental Rights of the European Union. governance conventions and the ILO´s Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy the European Convention of Human Rights, the European Social Charter (revised), the OECD Guidelines for Multinational Enterprises and the Charter of Fundamental Rights of the European Union and the EU labour law acquis, including the right for workers to be informed and consulted by management prior to the making of final decisions on matters of significance importance to the workforce;
Amendment 218 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2 – subparagraph 2 – point c – point i
Article 19b – paragraph 2 – subparagraph 2 – point c – point i
(i) the role of the undertaking’s administrative, management and supervisory bodies, including with regard to sustainability matters, and their composition and the presence of workers’ representatives, and their trade unions, with a focus on selection procedures, level of information and voting rights compare to other members of these bodies;
Amendment 221 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2 – subparagraph 2 – point c – point ii
Article 19b – paragraph 2 – subparagraph 2 – point c – point ii
(ii) business ethics and corporate culture, including anti-corruption and anti- bribery programmes, assessment of corruption risks, and whistleblowing procedures and results;