Adopt a delegated act providing sustainability reporting standards for voluntary use by out-of-scope (under 1000 employee) undertakings
What changes
The European Commission gains a new delegated-act drafting duty; out-of-scope undertakings gain access to a voluntary reporting standard that did not exist before.
The rule
Adopt a delegated act providing sustainability reporting standards for voluntary use by out-of-scope (under 1000 employee) undertakings
Who is affected
Burden drivers
Binds the European Commission; if you are under 1000 employees you may eventually use the resulting voluntary standard.
Source text
To facilitate voluntary reporting of sustainability information by undertakings other than those referred to in Articles 19a(1) and 29a(1), the Commission shall adopt a delegated act by [4 months after entry into force of this Directive] in accordance with Article 49 supplementing this Directive to provide for sustainability reporting standards for voluntary use by such undertakings.
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