Include in the consolidated management report information necessary to understand the group's sustainability impacts and how sustainability matters affect its development, performance and position
What changes
Parent undertakings of large groups below 1000 employees on a consolidated basis lose the consolidated sustainability-reporting duty entirely.
Prior rule vs new rule
Parent undertaking of a large group under Art. 3(4)-(7) of Directive 2013/34/EU (no employee/turnover figure restated in this proposal's own text)
Article 29a(1) of Directive 2013/34/EU requires parent undertakings of large groups to prepare and publish a sustainability statement at consolidated level.
More than 1000 employees on average, on a consolidated basis, during the financial year
Include in the consolidated management report information necessary to understand the group's sustainability impacts and how sustainability matters affect its development, performance and position
Who is affected
Burden drivers
Source text
Parent undertakings of a large group which, on their balance sheet dates, exceed the average number of 1000 employees, on a consolidated basis, during the financial year, shall include in the consolidated management report information necessary to understand the group’s impacts on sustainability matters, and information necessary to understand how sustainability matters affect the group’s development, performance and position.
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