8 Amendments of Angelika WINZIG related to 2021/0104(COD)
Amendment 43 #
Proposal for a directive
Recital 2 a (new)
Recital 2 a (new)
(2 a) Any ties between the Commission proposal for a directive as regards corporate sustainability reporting and the Commission proposal for a Pay Transparency Directive should await the possible adoption of the Pay Transparency Directive. Additionally, any possible ties between the directives should respect labour market models of the Member States as well as the subsidiarity principle.
Amendment 46 #
Proposal for a directive
Recital 2 d (new)
Recital 2 d (new)
(2 d) The association of the upcoming sustainable corporate governance initiative - which has now twice been given a ‘red light ’by the Commission’s internal Regulatory Scrutiny Board - with this directive on corporate sustainability reporting should be carefully examined. Thus, companies should not be obliged to report on their plans to tackle issues related to this initiative.
Amendment 47 #
Proposal for a directive
Recital 2 e (new)
Recital 2 e (new)
(2 e) The association of the ‘EU minimum wage initiative’ with this directive on corporate sustainability reporting should be carefully examined. Thus, companies should not be obliged to report on their plans to tackle issues related to this initiative.
Amendment 57 #
Proposal for a directive
Recital 18 a (new)
Recital 18 a (new)
(18 a) Data shows that SMEs to a large degree perform activities which can be labelled as corporate social responsibility. Care for employees is a significant driver for this. However, a large share of SMEs do not follow any information disclosure practices because of the significant costs, namely the administrative burden, associated with this. More resources should be devoted to mapping the business case – namely any positive impact on competitiveness and access to investments – for SMEs to rapport on sustainability issues such as gender profile or diversity of their employees. Additionally, resources should also be devoted to capacity building in SMEs, which often lack the knowledge and capacity to disclose sustainability information. This goes especially for complex terms related to the social sustainability, including e.g. 'social and relationship capital'. Until further research and a separate impact assessment shows that these issues have been resolved, corporate sustainability reporting as described in this directive should remain voluntary for all SMEs.
Amendment 58 #
Proposal for a directive
Recital 18 b (new)
Recital 18 b (new)
(18 b) Underlines that companies should be able to focus on reporting information about those aspects of sustainability, including gender equality and diversity, which are 1) most relevant to the company, with regard to e.g. sector and size and 2) their user groups, e.g. customers or investors.
Amendment 67 #
Proposal for a directive
Recital 35
Recital 35
(35) Sustainability reporting standards should be coherent with other Union legislation, which address the subjects touched upon in this directive. Those standards should in particular be aligned with the disclosure requirements laid down in Regulation (EU) 2019/2088, and they should take account of underlying indicators and methodologies set out in the various delegated acts adopted pursuant to Regulation (EU) 2020/852, disclosure requirements applicable to benchmark administrators pursuant to Regulation (EU) 2016/1011 of the European Parliament and of the Council55 , the minimum standards for the construction of EU climate transition benchmarks and EU Paris- aligned benchmarks; and of any work carried out by the European Banking Authority in the implementation of the Pillar III disclosure requirements of Regulation (EU) No 575/2013. Standards should take account of Union environmental legislation, including Directive 2003/87/EC of the European Parliament and of the Council56 and Regulation (EC) No 1221/2009 of the European Parliament and of the Council57 , and should take account of Commission Recommendation 2013/179/EU58 and its annexes, and their updates. Other relevant Union legislation, including Directive 2010/75/EU of the European Parliament and of the Council59 , and requirements laid down in Union law for undertakings as regards directors’ duties and due diligence, should also be taken into account. Underlines that international sustainability standards exist and are currently being developed and improved. As far as international standards are sufficient, European standards should be aligned to minimize administrative burdens and strengthen seamless free- trade in and outside FTA’s. This should include alignment with international reporting standards on social issues, such as gender and diversity profile of the company. _________________ 55 Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 (OJ L 171, 29.6.2016, p. 1). 56 Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32). 57 Regulation (EC) No 1221/2009 of the European Parliament and of the Council of 25 November 2009 on the voluntary participation by organisations in a Community eco-management and audit scheme (EMAS), repealing Regulation (EC) No 761/2001 and Commission Decisions 2001/681/EC and 2006/193/EC (OJ L 342, 22.12.2009, p. 1). 58 Commission Recommendation 2013/179/EU of 9 April 2013 on the use of common methods to measure and communicate the life cycle environmental performance of products and organisations (OJ L 124, 4.5.2013, p. 1). 59 Directive 2010/75/EU of the European Parliament and of the Council of 24 November 2010 on industrial emissions (integrated pollution prevention and control) (OJ L 334, 17.12.2010, p. 17).
Amendment 107 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2 –– point b
Article 19b – paragraph 2 –– point b
(i a) Underlines that concepts, which companies are to report about, should be sufficiently defined in the directive to ensure compliance and lessen the administrative burden as well as the comparability of data. This goes for all relevant concepts, including e.g. “gender equality”.
Amendment 124 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19b – paragraph 2
Article 19b – paragraph 2
(v a) Where relevant, it is important to ensure that the information which undertakings are to disclose about social factors (including gender and diversity as elements of social factors) and governance factors, as outlined above, is in coherence with other requirements in the Accounting Directive by allowing reporting to be part of the corporate governance statement or the general management report, in accordance with article 19 and 20 of the Accounting Directive;