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Activities of Guido REIL related to 2021/0104(COD)

Shadow opinions (1)

OPINION on the proposal for a directive of the European Parliament and of the Council amending Directive 2013/34/EU, Directive 2004/109/EC, Directive 2006/43/EC and Regulation (EU) No 537/2014, as regards corporate sustainability reporting
2022/03/18
Committee: EMPL
Dossiers: 2021/0104(COD)
Documents: PDF(307 KB) DOC(211 KB)
Authors: [{'name': 'Kira Marie PETER-HANSEN', 'mepid': 197573}]

Amendments (16)

Amendment 52 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Recital 1
(1) In its communication on the European Green Deal adopted on 11 December 201930, the European Commission made a commitment to review the provisions concerning non- financial reporting of Directive 2013/34/EU of the European Parliament and of the Commission31. The European Green Deal is the European Union’s new growth strategy. It aims to transform the Union into a modern, resource-efficient and competitive economy with no net emissions of greenhouse gases by 2050. It also aims to protect, conserve and enhance the Union's natural capital, and protect the health and well-being of citizens from environment-related risks and impacts. The European Green Deal aims at decoupling economic growth from resource use, and ensuring that all regions and citizens of the Union participate in a socially just transition to a sustainable economic system. It will contribute to the objective of building an economy that works for the people, strengthening the EU’s social market economy, helping to ensure that it is future-ready and that it delivers stability, jobs, growth and investment. These goals are especially important considering the socio-economic damage caused by the COVID-19 pandemic and the need for a sustainable, inclusive and fair recovery. In its proposal of 4 March 2020 for a European Climate Law, the European Commission proposed to make the objective of climate neutrality by 2050 binding in the Union.32 _________________ 30 31 Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (OJ L 182, 29.6.2013, p. 19). 32 European Parliament and of the Council establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999 (European Climate Law) [2020/0036 (COD)]deleted COM(2019) 640 final. Proposal for a Regulation of the
2021/12/10
Committee: EMPL
Amendment 134 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 1
(1) Large undertakings and, as of 1 January 2026, small and medium-sized undertakings which are undertakings referred to in Article 2, point (1), point (a), 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.
2021/12/10
Committee: EMPL
Amendment 139 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19 a – paragraph 2 – subparagraph 1 – introductory part
(2) TWhere appropriate, the information referred to in paragraph 1 shall contain in particular:
2021/12/10
Committee: EMPL
Amendment 143 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
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;deleted
2021/12/10
Committee: EMPL
Amendment 147 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point a – point iv
(iv) how the undertaking’s business model and strategy take account of the interests of the undertaking’s stakeholders and of the impacts of the undertaking on sustainability matters;deleted
2021/12/10
Committee: EMPL
Amendment 150 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point b
(b) a description of the targets related to sustainability matters set by the undertaking and of the progress the undertaking has made towards achieving those targets;deleted
2021/12/10
Committee: EMPL
Amendment 152 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point c
(c) a description of the role of the administrative, management and supervisory bodies with regard to sustainability matters;deleted
2021/12/10
Committee: EMPL
Amendment 155 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point e
(e) a description of: (i) the due diligence process implemented with regard to sustainability matters; (ii) the principal actual or potential adverse impacts connected with the undertaking’s value chain, including its own operations, its products and services, its business relationships and its supply chain; (iii) any actions taken, and the result of such actions, to prevent, mitigate or remediate actual or potential adverse impacts;deleted
2021/12/10
Committee: EMPL
Amendment 163 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 2 – subparagraph 1 – point g
(g) indicators relevant to the relevant to the disclosures referred to in points (a) to (f).deleted
2021/12/10
Committee: EMPL
Amendment 164 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19 a – paragraph 2 – subparagraph 2
Undertakings shall also disclose information on intangibles, including information on intellectual, human, and social and relationship capital.deleted
2021/12/10
Committee: EMPL
Amendment 169 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 3 – subparagraph 4
Member StateUndertakings may allowomit information relating to impending developments 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 thatwhere, in their 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 understanding of the undertaking's development, performance, position and impact of its activity.
2021/12/10
Committee: EMPL
Amendment 174 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 5
(5) By way of derogation from Article 19a, paragraphs 1 to 4, small and medium sized undertakings referred to in Article 2, point (1), point (a), may report in accordance with theSmall and medium sized undertakings shall not be covered by the provisions on comprehensive mandatory sustainability reporting standards for sof Article 19a. Small and medium sized undertakings referred to in Article 19cmay participate in voluntary sustainability reporting using a special system. This reporting shall be commensurate with their capacities and characteristics.
2021/12/10
Committee: EMPL
Amendment 187 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19 b – paragraph 1
(1) The Commission shall adopt delegated acts in accordance with Article 49 to provide for sustainability reporting standards. Those sustainability reporting standards shall specify the information that undertakings are to report in accordance with Articles 19a and 29a and, where relevant, shall specify the structure in which that information shall be reported. In particular: (a) by 31 October 2022, the Commission shall adopt delegated acts specifying the information that undertakings are to report in accordance with paragraphs 1 and 2 of Article 19a, and at least specifying information corresponding to the needs of financial market participants subject to the disclosure obligations of Regulation (EU) 2019/2088. (b) by 31 October 2023, the Commission shall adopt delegated acts specifying: (i) complementary information that undertakings shall report with regard to the sustainability matters and reporting areas listed in Article 19a(2), where necessary; (ii) information that undertakings shall report that is specific to the sector in which they operate. The Commission shall, at least every three years after its date of application, review any delegated act adopted pursuant to this Article, taking into consideration the technical advice of the European Financial Reporting Advisory Group (EFRAG), and where necessary shall amend such delegated act to take into account relevant developments, including developments with regard to international standards.
2021/12/10
Committee: EMPL
Amendment 192 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2
(2) The sustainability reporting standards referred to in paragraph 1 shall require that the information to be reported is understandable, relevant, representative, verifiable, comparable, and is represented in a faithful manner. The sustainability reporting standards shall, taking into account the subject matter of a particular standard: (a) specify the information that undertakings are to disclose about environmental factors, including information about: (i) climate change mitigation; (ii) climate change adaptation; (iii) water and marine resources; (iv) resource use and circular economy; (v) pollution; (vi) biodiversity and ecosystems; (b) specify the information that undertakings are to disclose about social factors, including information about: (i) equal opportunities for all, including gender equality and equal pay for equal work, training and skills development, and employment and inclusion of people with disabilities; (ii) working conditions, including secure and adaptable employment, wages, social dialogue, collective bargaining and the involvement of workers, work-life balance, and a healthy, safe and well- adapted work environment; (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. (c) specify the information that undertakings are to disclose about governance factors, including information about: (i) the role of the undertaking’s administrative, management and supervisory bodies, including with regard to sustainability matters, and their composition; (ii) business ethics and corporate culture, including anti-corruption and anti- bribery; (iii) political engagements of the undertaking, including its lobbying activities; (iv) the management and quality of relationships with business partners, including payment practices; (v) the undertaking’s internal control and risk management systems, including in relation to the undertaking’s reporting process.deleted
2021/12/10
Committee: EMPL
Amendment 227 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19 c
Article 19cdeleted
2021/12/10
Committee: EMPL
Amendment 251 #
Guido REIL, Nicolaus FEST
Proposal for a directive
Article 1 – paragraph 1 – point 12
Directive 2013/34/EU
Article 51 – paragraph 2 – point a
(a) a public statement indicating the natural person or the legal entity responsible and the nature of the infringement;deleted
2021/12/10
Committee: EMPL
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