17 Amendments of Catherine CHABAUD related to 2021/0104(COD)
Amendment 95 #
Proposal for a directive
Recital 37
Recital 37
(37) Sustainability reporting standards should be proportionate, and should not impose unnecessary administrative burden on companies that are required to use them. In order to minimise disruption for undertakings that already report sustainability information, sustainability reporting standards should take account of existing standards and frameworks for sustainability reporting and accounting where appropriate. Those include the Global Reporting Initiative, the Sustainability Accounting Standards Board, the International Integrated Reporting Council, the International Accounting Standards Board, the Task Force on Climate-related Financial Disclosures, the Carbon Disclosure Standards Board, and CDP (formerly the Carbon Disclosure Project). Standards of the European Union should take account of any sustainability reporting standards developed under the auspices of International Financial Reporting Standards Foundation. To avoid unnecessary regulatory fragmentation that may have negative consequences for undertakings operating globally, European standards should support and contribute to the process of convergence of sustainability reporting standards at global level.to develop standards by the International Sustainability Standards Board
Amendment 135 #
Proposal for a directive
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Article 2 – paragraph 1 – point 20 a (new)
Article 2 – paragraph 1 – point 20 a (new)
(20a) “climate neutrality” and “net- zero” should be read in accordance with the Article 2 of the Regulation (EU)2021/1119 (“European Climate Law”).
Amendment 139 #
Proposal for a directive
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Article 2 – paragraph 1 – point 20 b (new)
Article 2 – paragraph 1 – point 20 b (new)
(20b) A ‘high-impact sector’ is a sector that is associated, as a result of its size, business and value chain characteristics, including suppliers and sub-contractors, with a high likelihood of actual or potential severe impacts on sustainability matters.
Amendment 143 #
Proposal for a directive
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Article 2 – paragraph 1 – point 20 c (new)
Article 2 – paragraph 1 – point 20 c (new)
(20c) ‘Science-based target’ is a target defined on the basis of conclusive scientific environmental evidence and with independent scientific validation, that when achieved by the undertaking ensures that the undertaking’s impacts, as specified in Article 19a,will be aligned with the sustainability goals and criteria of the European Union for the specific environmental issue. In the specific case of climate change mitigation, this means a target enabling alignment of the undertaking’s impacts on climate change with the European Climate Law objectives and with a 1.5°C climate scenario with no or limited overshoot as defined by the IPCC.
Amendment 152 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19 a – paragraph 1
Article 19 a – 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), and medium-sized undertakings which are operating certain economic activities in high-impact sectors 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 168 #
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 – subpoint iii
Article 19 a – paragraph 2 – subparagraph 1 – point a – subpoint 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;including a transition plan with implementing actions and related financial and investment plans, to ensure that its business model and strategy are aligned with the intermediate objectives for 2030 and 2040 laid out in the European Climate Law - Regulation (EU) 2021/1119 and with the objective to achieve carbon neutrality by 2050 at the latest and 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 taking into account the entire value chain, including suppliers and sub-contractors; and where relevant the degree of exposure of the undertaking to sectors listed in Divisions 05, 06,09, 19, 35, 46.71, 73.1 of Annex I to Regulation (EC) No 1893/2006 insofar as they relate to coal, oil, gas-related activities.
Amendment 182 #
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 b
Article 19 a – paragraph 2 – subparagraph 1 – point b
(b) a description of the targets related to sustainability matters set by the undertakingime-bound short-term, mid-term and long-term targets set by the undertaking for the main impacts of its business model on sustainability matters, whether such targets are science-based and of the progress the undertaking has made towards achieving those targets;
Amendment 202 #
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 g
Article 19 a – paragraph 2 – subparagraph 1 – point g
(g) indicators relevant to the disclosures referred to in points (a) to (f) including performance indicators set out in the delegated act supplementing Article 8 of the Regulation (EU) 2020/852.
Amendment 206 #
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 2 a (new)
Article 19 a – paragraph 2 – subparagraph 2 a (new)
For an undertaking that makes a voluntary and public pledge to align its business model, strategy and operations with the transition towards an economy compatible with the Paris Agreement, or to the objectives of the Union in terms of “climate neutrality” or " net-zero", the information referred to in Paragraph 2, Point (a) (iii) shall contain a detailed description of the following elements: (i) the undertaking’s use of a projected 1.5 degrees Celsius increase in global temperature when determining the transition pathway of the undertaking, and to assess the vulnerability to and the negative impacts on climate of the undertaking; (ii) short-term and mid-term targets based on the best scientific knowledge available, and on existing international initiatives, where relevant, including targets for at least the years 2030 and 2040; (iii) the strategy conceived by the undertaking to achieve the long term and the interim targets referred to in point (ii); (iv) periodic reports on the progress achieved towards the long term and the interim targets established by the strategy referred to in point (iii); (v) evidence of the coherence between the emission reduction strategy of the undertaking and the sectoral emission reduction pathways; when publicly available pathways are not used, a robust explanation for why they are deemed inadequate for the purposes of the undertaking shall be provided; (vi) evidence of the consistency between the business and growth forecasts of the undertaking and the emission reduction strategy; (vii) the role and importance of offsets, natural and artificial sinks, carbon avoidance, capture and storage and carbon and usage technologies, if deemed necessary by the undertaking, to achieve the long- and interim targets set by the undertaking.
Amendment 235 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 1 – subparagraph 1 – introductory part
Article 19b – paragraph 1 – subparagraph 1 – introductory part
The Commission shall adopt delegated acts in accordance with Article 49 to provide for sustainability reporting standards. European standards should contribute to the process to develop standards by the International Sustainability Standards Board. 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:
Amendment 245 #
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 1
Article 19b – paragraph 2 – subparagraph 1
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. They shall therefore integrate disclosures on both risks and opportunities related to sustainability, be comprehensive by taking into account the entire scope of responsibility regarding the value chain of the company, including suppliers and sub-contractors, provide both quantitative and qualitative information, apply a sector-specific approach, and provide information with time and sector comparison.
Amendment 257 #
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 a – point iv
Article 19b – paragraph 2 – subparagraph 2 – point a – point iv
(iv) resource use and circular economythe transition to a circular economy, including resource use;
Amendment 290 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19c – paragraph 1 a (new)
Article 19c – paragraph 1 a (new)
The Commission shall be empowered to adopt delegated acts in accordance with Article 49 to establish and amend a list of high-impact sectors as defined in Article 1, paragraph 2, point 1. That list shall take into account the work of the Platform on Sustainable Finance established in accordance with Article 20 of Regulation(EU) 2020/852 and the OECD Due Diligence Guidance for Responsible Business Conduct, including for mining, extractive industries, agriculture, clothing and footwear, finance and international shipping. The list of sectors taken into account in this definition shall take account of correspondence with the NACE classification1a.
Amendment 299 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2013/34/EU
Article 29a – paragraph 2 – subparagraph 1 – point a – point iii
Article 29a – paragraph 2 – subparagraph 1 – point a – point iii
(iii) the plans of the group including a transition plan with implementing actions and related financial and investment plans, to ensure that ithe group’s business model and strategy 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; aligned with the intermediate objectives for 2030 and 2040 laid out in the European Climate Law - Regulation (EU) 2021/1119 and with the objective to achieve carbon neutrality by 2050 at the latest and 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 taking into account the entire value chain; and where relevant the degree of exposure of the undertaking to sectors listed in Divisions 05, 06,09,19, 35, 46.71, 73.1 of Annex I to Regulation (EC) No 1893/2006 insofar as they relate to coal, oil, gas-related activities.
Amendment 308 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2013/34/EU
Article 29a – paragraph 2 – subparagraph 1 – point b
Article 29a – paragraph 2 – subparagraph 1 – point b
(b) a description of the targets related to sustainability matters set by the groupime-bound short-term, mid-term and long-term targets set by the group for the main impacts of its business model on sustainability matters, whether such targets are science-based and of the progress of the undertaking has made towards achieving them;ose targets
Amendment 317 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2013/34/EU
Article 29a – paragraph 2 – subparagraph 1 – point g
Article 29a – paragraph 2 – subparagraph 1 – point g
(g) indicators relevant to the relevant to the disclosures referred to in points (a) to (f). including performance indicators set out in the delegated act supplementing Article 8 of the Regulation (EU) 2020/852.
Amendment 320 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2013/34/EU
Article 29a – paragraph 2 – subparagraph 3 a (new)
Article 29a – paragraph 2 – subparagraph 3 a (new)
For a parent undertaking that publicly pledges to align its business model, strategy and operations to a transition towards an economy compatible with the Paris Agreement, or to the objective of the Union’s “climate neutrality” or " net- zero", the information referred to in Paragraph 2, Point (a) (iii) shall contain a detailed description of the following elements: (i) the climate scenario of 1.5 degrees Celsius used to assess the vulnerability to and the negative impacts on climate of the group, and to calculate its transition pathway; when publicly available scenarios are not used, a robust justification for why they are deemed not adequate shall be provided; (ii) short-term and mid-term targets based on the best scientific knowledge available, and on existing international initiatives, where relevant, including for at least the years 2030 and 2040; (iii) the strategy conceived by the group to achieve the long term and the interim targets defined in point (ii); (iv) periodic reports on the progress achieved towards the long term and the interim targets; (v) evidence of the coherence between the emission reduction strategy of the group and the sectoral emission reduction pathways; when publicly available pathways are not used, a robust justification for why they are deemed not adequate shall be provided; (vi) the relevance and the role of offsets, natural and artificial sinks, carbon avoidance, capture and storage and carbon and usage technologies, if deemed necessary by the undertaking, to achieve the long- and interim targets set by the group.