Not required to mark up (digitally tag) sustainability reporting until the Commission adopts a Delegated Regulation specifying the markup format
What changes
All undertakings subject to Art. 19a/29a reporting are relieved of the markup duty until the Commission separately adopts the markup Delegated Regulation — this merely restates the existing de facto position, since that Regulation was never adopted, but now says so on the face of the Directive.
Prior rule vs new rule
Undertakings subject to Art. 19a/29a reporting, pending the digital taxonomy
Article 29d of Directive 2013/34/EU requires undertakings subject to the requirements in Articles 19a and 29a of that Directive to prepare their management report, or consolidated management report, where applicable, in the electronic reporting format specified in Article 3 of Commission Delegated Regulation (EU) 2019/815 and to mark up their sustainability reporting, including the disclosures provided for in Article 8 of Regulation (EU) 2020/852 of the European Parliament and of the Council, in accordance with the electronic reporting format to be specified in that Delegated Regulation.
Not required to mark up (digitally tag) sustainability reporting until the Commission adopts a Delegated Regulation specifying the markup format
Who is affected
Burden drivers
Source text
Until such rules on the marking up are adopted by way of that Delegated Regulation, undertakings shall not be required to markup their sustainability reporting.
View source →Settled later in secondary legislation. Depends on the Commission adopting a Delegated Regulation specifying the digital markup / taxonomy format.