38 Amendments of Sirpa PIETIKÄINEN related to 2021/0104(COD)
Amendment 61 #
Proposal for a directive
Recital 29
Recital 29
(29) Articles 19a(1) and 29a(1) of Directive 2013/34/EU do not specify whether the information to be reported is to be forward looking or information about past performance. There is currently a lack of forward-looking disclosures, which users of sustainability information especially value. Articles 19a and 29a of Directive 2013/34/EU should therefore specify that the sustainability information reported shall include forward-looking and retrospective, and both qualitative and quantitative information that is based on science based harmonised, comparable and uniform indicators and consistent with the harmonised life cycle assessment. Reported sustainability information should also take into account short, medium and long-term time horizons and contain information about the undertaking’s whole value chain, including its own operations, its products and services, its business relationships, and its supply chain, as appropriate. Information about the undertaking’s whole value chain would include information related to its value chain within the EU and information that covers third countries if the undertaking’s value chain extends outside the EU.
Amendment 63 #
Proposal for a directive
Recital 33
Recital 33
(33) No existing standard or framework satisfies the Union’s needs for detailed sustainability reporting by itself. Information required by Directive 2013/34/EU needs to cover information relevant from each of the materiality perspectives, needs to cover all sustainability matters and needs to be aligned, where appropriate, with other obligations under Union law to disclose sustainability information, including obligations laid down in Regulation (EU) 2020/852 and Regulation (EU) 2019/2088. This information must be based on science based harmonised, comparable and uniform indicators and consistent with the harmonised life cycle assessment. In addition, mandatory sustainability reporting standards for Union undertakings must be commensurate with the level of ambition of the European Green Deal and the Union’s climate- neutrality objective for 2050. It is therefore necessary to empower the Commission to adopt Union sustainability reporting standards, enabling their rapid adoption and ensuring that the content of sustainability reporting standards are consistent with the Union’s needs.
Amendment 68 #
Proposal for a directive
Recital 40
Recital 40
(40) It should be ensured that the information reported by undertakings in accordance with the sustainability reporting standards meet the needs of users. The reporting standards should therefore specify the information that undertakings are to disclose on all major environmental factors, including their impacts and dependencies on climate, air, land, water and biodiversity, specifying, if any of its activities cause significant harm (DNSH) to these environmental factors. Regulation (EU) 2020/852 provides a classification of the environmental objectives of the Union. For reasons of coherence, it is appropriate to use a similar classification to identify the environmental factors that should be addressed by sustainability reporting standards. The reporting standards should consider and specify any geographical or other contextual information that undertakings should disclose to provide an understanding of their principal impacts on sustainability matters and the principal risks to the undertaking arising from sustainability matters.
Amendment 77 #
Proposal for a directive
Recital 49
Recital 49
(49) To allow for and ensure the inclusion of the reported sustainability information in the European single access point, Member States should ensure that undertakings publish the duly approved annual financial statements and the management report in the prescribed electronic format, and ensure that management reports containing sustainability reporting are made available, without delay following their publication, to the relevant officially appointed mechanism referred to in Article 21(2) of Directive 2004/109/EC.
Amendment 80 #
Proposal for a directive
Recital 29
Recital 29
(29) Articles 19a(1) and 29a(1) of Directive 2013/34/EU do not specify whether the information to be reported is to be forward looking or information about past performance. There is currently a lack of forward-looking disclosures, which users of sustainability information especially value. Articles 19a and 29a of Directive 2013/34/EU should therefore specify that the sustainability information reported shall include forward-looking and retrospective, and both qualitative and quantitative information that is based on science based, harmonised, comparable and uniform indicators and consistent with the harmonised life cycle assessment. Reported sustainability information should also take into account short, medium and long-term time horizons and contain information about the undertaking’s whole value chain, including its own operations, its products and services, its business relationships, and its supply chain, as appropriate. Information about the undertaking’s whole value chain would include information related to its value chain within the EU and information that covers third countries if the undertaking’s value chain extends outside the EU.
Amendment 82 #
Proposal for a directive
Recital 71
Recital 71
(71) Member States are invited toThe Commission will assess the impact of their transposition act on SMEs in order to ensure that they are not disproportionately affected, giving specific attention to micro-enterprises and to the administrative burden, and to publish the results of such assessments. Member States should consider introducing measures to support SMEs in applying the voluntary simplified reporting standards the Commission shall create an online tool to facilitate reporting in small and medium- sized enterprises, in order to avoid excessive administrative burden for SMEs under250 employees, this should be done through a free of charge, easy to use and accessible online tool.
Amendment 83 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a
Article 19a
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 full audited 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 84 #
Proposal for a directive
Recital 33
Recital 33
(33) No existing standard or framework satisfies the Union’s needs for detailed sustainability reporting by itself. Information required by Directive 2013/34/EU needs to cover information relevant from each of the materiality perspectives, needs to cover all sustainability matters and needs to be aligned, where appropriate, with other obligations under Union law to disclose sustainability information, including obligations laid down in Regulation (EU) 2020/852 and Regulation (EU) 2019/2088. This information must be based on science based, harmonised comparable and uniform indicators and consistent with the harmonised life cycle assessment. In addition, mandatory sustainability reporting standards for Union undertakings must be commensurate with the level of ambition of the European Green Deal and the Union’s climate-neutrality objective for 2050. It is therefore necessary to empower the Commission to adopt Union sustainability reporting standards, enabling their rapid adoption and ensuring that the content of sustainability reporting standards are consistent with the Union’s needs.
Amendment 85 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a
Article 19a
(iii) the transitional plans of the undertaking to ensure that its business model and strategy are compatible with the transition to a sustainable economy, climate neutrality and with the limiting of global warming to 1.5 °C in line with the Paris Agreement;
Amendment 92 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a
Article 19a
(ii) the principal actual or potential adverse impacts and the significant harm in any of the environmental categories (related to the six environmental objectives of the Taxonomy regulation), connected with the undertaking’s value chain, including its own operations, its products and services, its business relationships and its supply chain;
Amendment 93 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a
Article 19a
(f a) (f a) the sustainability risks relevant to the particular business as defined in Article 2(a) of the Regulation2019/2088/EU on sustainability-related disclosures in the financial services sector, enabling financial market participants as defined in Article 2of that Regulation to meet their sustainability risk disclosure and mitigation obligations as defined in Article 4 and 5 of that Regulation;
Amendment 94 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a
Article 19a
Undertakings shall discuss and adopt the transitional plans referred to in paragraph 1, point (a),point (iii) as a separate item in their annual meetings.
Amendment 96 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a
Article 19a
5 a. Member States may exempt micro- undertakings from the obligation to prepare management reports, provided that they require the information referred to in Article 24(2) of Directive 2012/30/EU concerning the acquisition by an undertaking of its own shares to be given in the notes to the financial statements.
Amendment 97 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a
Article 19a
5 b. In accordance with Article 34, Member States shall ensure that the management report is audited by one or more statutory auditors or audit firms approved by Member States to carry out statutory audits on the basis of Directive2006/43/EC.
Amendment 99 #
Proposal for a directive
Recital 40
Recital 40
(40) It should be ensured that the information reported by undertakings in accordance with the sustainability reporting standards meet the needs of users. The reporting standards should therefore specify the information that undertakings are to disclose on all major environmental factors, including their impacts and dependencies on climate, air, land, water and biodiversity, specifying, if any of its activities cause significant harm (DNSH) to these environmental factors. Regulation (EU) 2020/852 provides a classification of the environmental objectives of the Union. For reasons of coherence, it is appropriate to use a similar classification to identify the environmental factors that should be addressed by sustainability reporting standards. The reporting standards should consider and specify any geographical or other contextual information that undertakings should disclose to provide an understanding of their principal impacts on sustainability matters and the principal risks to the undertaking arising from sustainability matters.
Amendment 99 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Articles 19b (new)
Articles 19b (new)
2. The sustainability reporting standards referred to in paragraph 1 shall require that the information to be reported is understandable, relevant, representative, verifiable, comparable, based on science based harmonised, comparable and uniform indicators and consistent with the harmonised life cycle assessment and is represented in a faithful manner.
Amendment 105 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Articles 19b
Articles 19b
(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;, following the equality principles and standards established in the Beijing Declaration and Istanbul Convention.
Amendment 122 #
Proposal for a directive
Recital 49
Recital 49
(49) To allow for and ensure the inclusion of the reported sustainability information in the European single access point, Member States should ensure that undertakings publish the duly approved annual financial statements and the management report in the prescribed electronic format, and ensure that management reports containing sustainability reporting are made available, without delay following their publication, to the relevant officially appointed mechanism referred to in Article 21(2) of Directive 2004/109/EC.
Amendment 126 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2013/34/EU
Article 19c (new)
Article 19c (new)
The Commission shall create an online tool to facilitate reporting in small and medium-sized enterprises
Amendment 128 #
Proposal for a directive
Recital 71
Recital 71
(71) Member States are invited toThe Commission will assess the impact of their transposition act on SMEs in order to ensure that they are not disproportionately affected, giving specific attention to micro-enterprises and to the administrative burden, and to publish the results of such assessments. Member States should consider introducing measures to suppTo support SMEs in applying the voluntary simplified reporting standards the Commission shall create an online tool to facilitate reporting in small and medium-sized enterprises, in order to avoid excessive administrative burden fort SMEs in applying the voluntary simplified reporting standardsunder 250 employees, this should be done through a free of charge, easy to use and accessible online tool.
Amendment 133 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2013/34/EU
Article 29a
Article 29a
(iii) the transitional plans of the group to ensure that the group’s business model and strategy are compatible with the transition to a sustainable economy, climate neutrality and with the limiting of global warming to 1.5 °C in line with the Paris Agreement;
Amendment 139 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2013/34/EU
Article 29a
Article 29a
(ii) the principal actual or potential adverse impacts and the significant harm in any of the environmental categories (related to the six environmental objectives of the Taxonomy regulation), connected with the group’s value chain, including its own operations, its products and services, its business relationships and its supply chain;
Amendment 140 #
Proposal for a directive
Article 1 – paragraph 1 – point 7 Directive 2013/34/EU
Article 1 – paragraph 1 – point 7 Directive 2013/34/EU
(f a) the performance measured against sustainability indicators relevant to the particular business and industry, based on a list of harmonised sustainability indicators to be developed and updated by the European Commission, in coherence with the Regulation2020/852/EU on the establishment of a framework to facilitate sustainable investment, and amending Regulation 2019/2088/EU;
Amendment 141 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2013/34/EU
Article 29a
Article 29a
Parent undertakings shall discuss and adopt the transition plans referred to in paragraph 1, point (a), point (iii) as a separate item in their annual meetings.
Amendment 142 #
Proposal for a directive
Article 1 – paragraph 1 – point 10 – point a a (new)
Article 1 – paragraph 1 – point 10 – point a a (new)
Directive 2013/34/EU
Article 34
Article 34
(a a) the following paragraph 2a is inserted ‘ 2a. Member States shall ensure that the management report of small, medium- sized and large undertakings is audited by one or more statutory auditors or audit firms approved by Member States to carry out statutory audits on the basis of Directive 2006/43/EC. ‘
Amendment 157 #
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), shall include in the full audited 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 174 #
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 iii
Article 19 a – paragraph 2 – subparagraph 1 – point a – point iii
(iii) the transitional plans of the undertaking to ensure that its business model and strategy are compatible with the transition to a sustainable economy, climate neutrality and with the limiting of global warming to 1.5 °C in line with the Paris Agreement;
Amendment 193 #
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 e – point ii
Article 19 a – paragraph 2 – subparagraph 1 – point e – point ii
(ii) the principal actual or potential adverse impacts and the significant harm in any of the environmental categories (related to the six environmental objectives of the Taxonomy Regulation), connected with the undertaking’s value chain, including its own operations, its products and services, its business relationships and its supply chain;
Amendment 199 #
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 f a (new)
Article 19 a – paragraph 2 – subparagraph 1 – point f a (new)
(fa) the sustainability risks relevant to the particular business as defined in Article 2(a) of the Regulation 2019/2088/EU on sustainability‐related disclosures in the financial services sector, enabling financial market participants as defined in Article 2(s a) of that Regulation to meet their sustainability risk disclosure and mitigation obligations as defined in Article 4 and 5 of that Regulation;
Amendment 210 #
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 3 a (new)
Article 19 a – paragraph 2 – subparagraph 3 a (new)
Undertakings shall discuss and adopt the transitional plans referred to in paragraph 1, point (a), point (iii) as a separate item in their annual meetings.
Amendment 220 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2013/34/EU
Article 19a – paragraph 5 a (new)
Article 19a – paragraph 5 a (new)
5a. In accordance with Article 34, Member States shall ensure that the management report is audited by one or more statutory auditors or audit firms approved by Member States to carry out statutory audits on the basis of Directive2006/43/EC.
Amendment 246 #
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, based on science based harmonised, comparable and uniform indicators and consistent with the harmonised life cycle assessment, and is represented in a faithful manner.
Amendment 291 #
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 create an online tool to facilitate reporting for small and medium-sized enterprises
Amendment 303 #
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 transitional plans of the group to ensure that the group’s business model and strategy are compatible with the transition to a sustainable economy, climate neutrality and with the limiting of global warming to 1.5 °C in line with the Paris Agreement;
Amendment 313 #
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 e – point ii
Article 29a – paragraph 2 – subparagraph 1 – point e – point ii
(ii) the principal actual or potential adverse impacts and the significant harm in any of the environmental categories (related to the six environmental objectives of the Taxonomy Regulation), connected with the group’s value chain, including its own operations, its products and services, its business relationships and its supply chain;
Amendment 315 #
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 f a (new)
Article 29a – paragraph 2 – subparagraph 1 – point f a (new)
(fa) the performance measured against sustainability indicators relevant to the particular business and industry, based on a list of harmonised sustainability indicators to be developed and updated by the European Commission, in coherence with the Regulation 2020/852/EU on the establishment of a framework to facilitate sustainable investment, and amending Regulation 2019/2088/EU;
Amendment 321 #
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)
Parent undertakings shall discuss and adopt the transition plans referred to in paragraph 1, point (a), point (iii) as a separate item in their annual meetings.
Amendment 331 #
Proposal for a directive
Article 1 – paragraph 1 – point 10 – point a a (new)
Article 1 – paragraph 1 – point 10 – point a a (new)
(aa) the following paragraph 2a is inserted 2a. Member States shall ensure that the management report of small, medium- sized and large undertakings is audited by one or more statutory auditors or audit firms approved by Member States to carry out statutory audits on the basis of Directive 2006/43/EC.