Changes from adopted text to adopted text

RemovedAmendments 228 and 287

RemovedRecital 26

RemovedAmendment: (26) The provisions of Directive (EU) 2024/1760 on the transition plan for climate change have been deemed to be disproportionate, particularly due to the administrative burden on companies and competent authorities, and could lead to legal uncertainty. It is necessary to repeal those provisions in order to streamline obligations and support a more targeted and efficient implementation of that Directive.

RemovedRecital 27: (27) Article 27(1) of Directive EU 2024/1760 requires Member States to lay down penalties that are to be “effective, proportionate and dissuasive”. Article 27(2) of that Directive requires Member States, when deciding whether to impose penalties and, if so, when determining their nature and appropriate level, to take due account of a series of factors that determine the gravity of the infringement and attenuating or aggravating circumstances. Article 27(4) of that Directive requires Member States to base any imposed pecuniary penalties on the net worldwide turnover of the company concerned. In order to ensure proportionate penalties, Member States should guarantee that the maximum limit for pecuniary penalties is set at 5% of the net worldwide turnover of the company or, for companies falling under Article 2(1)(b) and Article 2(2)(b), of the consolidated worldwide turnover of the ultimate parent undertaking, in the financial year preceding that of the decision to impose the fine. Moreover, to harmonise enforcement practices across the Union, the Commission, in collaboration with the Member States, should develop guidelines to assist supervisory authorities in determining the appropriate level of penalties.

RemovedRecital 29 a (new): (29a) In order to facilitate compliance by companies with reporting and due diligence obligations under Union law, and to enhance the accessibility and usability of sustainability-related information, the Commission should establish a dedicated digital reporting portal. That portal should serve as a one-stop shop, providing companies, free of charge, with tailored access to templates, guidelines, reporting requirements, including voluntary tools, and information on funding and tendering opportunities. To ensure the effective functioning of the portal, the Commission should promote the interoperability of existing data platforms, enabling seamless transmission, exchange and analysis of data, as well as complementarity with the European Single Access point. Furthermore, and in view of the rapid technological developments, the Commission should assess the potential of technological solutions, including the use of trustworthy artificial intelligence in accordance with Regulation (EU) 2024/1689 of the European Parliament and of the Council1 to support the digitalisation of reporting and improve the quality and accessibility of sustainability-related data. / 1 Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence and amending Regulations (EC) No 300/2008, (EU) No 167/2013, (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1139 and (EU) 2019/2144 and Directives 2014/90/EU, (EU) 2016/797 and (EU) 2020/…

RemovedDirective 2006/43/EC

RemovedArticle 1 – paragraph 1 – point 1, Article 26a – paragraph 3 – subparagraph 1: The Commission shall, no later than 1 October 2026, adopt delegated acts in accordance with Article 48a in order to supplement this Directive in order to provide for limited assurance standards setting out the procedures that the auditor(s) and the audit firm(s) shall perform in order to draw his, her or its conclusions on the assurance of sustainability reporting, including engagement planning, risk consideration and response to risks and type of conclusions to be included in the assurance report on sustainability reporting, or, where relevant, in the audit report.

RemovedDirective 2006/43/EC

RemovedArticle 1 – paragraph 1 – point 1, Article 26a – paragraph 3 – subparagraph 2 – introductory wording: The Commission shall adopt the assurance standards referred to in the first subparagraph after having obtained an opinion from EFRAG while ensuring that the standards:

RemovedAmendments 230 and 289

RemovedArticle 2 – paragraph 1 – point 1 – point a

RemovedDirective 2013/34/EU

RemovedArticle 1 – paragraph 3 – subparagraph 1 – introductory part

RemovedAmendment: ‘The coordination measures prescribed by Articles 19a, 19b, 29a, 29aa, 29d, 30 and 33, Article 34(1), second subparagraph, point (aa), Article 34(2) and (3), and Article 51 of this Directive shall also apply to the laws, regulations and administrative provisions of the Member States relating to the following undertakings regardless of their legal form, provided that those undertakings exceed, on their balance sheet dates, the average number of 1 750 employees and a net turnover of EUR 450 000 000 during the financial year:’;

RemovedAmendments 231 and 290

RemovedArticle 2 – paragraph 1 – point 1 a (new)

RemovedDirective 2013/34/EU

RemovedArticle 19 – paragraph 1 – subparagraph 4:

RemovedAmendment: (1a) in Article 19(1), the fourth subparagraph is replaced by the following: / ‘Undertakings which, on their balance sheet dates, exceed the average number of 1 750 employees and a net turnover of EUR 450 000 000 during the financial year shall report information on the key intangible resources and explain how the business model of the undertaking fundamentally depends on such resources and how such resources are a source of value creation for the undertaking.’ ;

RemovedAmendments 232 and 291

RemovedArticle 2 – paragraph 1 – point 2 – point a

RemovedDirective 2013/34/EU

RemovedArticle 19a – paragraph 1 – subparagraph 1:

RemovedAmendment: Undertakings which, on their balance sheet dates, exceed the average number of 1 750 employees and a net turnover of EUR 450 000 000 during the financial year shall include in their 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.

RemovedDirective 2013/34/EU

RemovedArticle 2 – paragraph 1 – point 2 – point a a (new), Article 19a – paragraph 1 – subparagraph 2a (new): (aa) in paragraph 1, the following subparagraph is added: / ‘Undertakings that are a financial holding undertaking as defined in Article 2(15), shall be exempted from carrying out the obligations under this Directive.’;

RemovedAmendments 233 and 292

RemovedArticle 2 – paragraph 1 – point 2 – point b – point i

RemovedDirective 2013/34/EU

RemovedArticle 19a – paragraph 3 – subparagraph 1

RemovedAmendment: ‘Where applicable, the information referred to in paragraphs 1 and 2 shall contain information about the undertaking’s own operations and about its value chain, including its products and services, its business relationships and its supply chain. Member States shall ensure that, for the reporting of sustainability information as required by this Directive, undertakings do not seek to obtain from undertakings in their value chain which, on their balance sheet dates, do not exceed the average number of 1 750 employees and a net turnover of EUR 450 000 000 during the financial year any information that exceeds the information specified in the standards for voluntary use referred to in Article 29ca, except for additional sustainability information that is commonly shared between undertakings in the sector concerned. Undertakings that report the necessary value chain information without reporting from undertakings in their value chain which, on their balance sheet dates, do not exceed the average number of 1 750 employees and a net turnover of EUR 450 000 000 during the financial year any information that exceeds the information specified in the standards for voluntary use referred to in Article 29ca, except for additional sustainability information that is commonly shared between undertakings in the sector concerned, shall be deemed to have complied with the obligation to report value chain information set out in this paragraph.’;

RemovedAmendments 37 and 256

RemovedArticle 2 – paragraph 1 – point 2 – point b – point i a (new)

RemovedDirective 2013/34/EU

RemovedArticle 19a – paragraph 3 – subparagraph 2

RemovedAmendment: (ia) the second subparagraph is replaced by the following: / ‘In the event that not all the necessary information regarding its value chain is available, the undertaking shall explain the efforts made to obtain the necessary information about its value chain, the reasons why not all of the necessary information could be obtained, and, its plans to obtain the necessary information in the future. ’; / (deleted)

RemovedDirective 2013/34/EU

RemovedArticle 2 – paragraph 1 – point 2 – point b – point ii, Article 19a – paragraph 3 – subparagraph 4 a: ‘The first subparagraph is without prejudice to information requests made for purposes other than the reporting of sustainability information as required by this Directive, including Union requirements on undertakings to conduct a due diligence process.’;

RemovedDirective 2013/34/EU

RemovedArticle 2 – paragraph 1 – point 2 – point b a (new), Article 19a – paragraph 4 a (new): (ba) the following paragraph is inserted: / ‘4a. The reporting obligations set out in this Article are without prejudice to Directive (EU) 2016/943 of the European Parliament and of the Council. Therefore, undertakings shall not be required to disclose information on intellectual capital, intellectual property or know-how, business information or technological information which constitutes trade secrets as defined in Article 2, point (1), of Directive (EU) 2016/943.’;

RemovedDirective 2013/34/EU

RemovedArticle 2 – paragraph 1 – point 2 – point c a (new), Article 19a – paragraph 10: (ca) paragraph 10 is replaced by the following: / ‘10. The exemption laid down in paragraph 9 shall also apply to public-interest entities subject to the requirements of this Article.’;

RemovedAmendments 134 and 41

RemovedArticle 2 – paragraph 1 – point 3

RemovedDirective 2013/34/EU

RemovedArticle 19b

RemovedAmendment: deleted / (deleted)

RemovedAmendments 234 and 293

RemovedArticle 2 – paragraph 1 – point 4 – point a

RemovedDirective 2013/34/EU

RemovedArticle 29a – paragraph 1– subparagraph 1

RemovedAmendment: ‘Parent undertakings of a group which, on their balance sheet dates, exceed the average number of 1 750 employees and a net turnover of EUR 450 000 000, 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.’;

RemovedDirective 2013/34/EU

RemovedArticle 2 – paragraph 1 – point 4 – point a a (new), Article 29a – paragraph 1 – subparagraph 1a and 1b (new): (aa) in paragraph 1, the following subparagraphs are added: / ‘Parent undertakings that are a financial holding undertaking as defined in Article 2(15), shall be exempted from carrying out the obligations under this Article. / In case of recent acquisitions of subsidiaries that are not subject to the reporting of information referred to in the first subparagraph, the parent undertaking will benefit of a 24 months transition period before being required to integrate information on its new subsidiary, within its consolidated sustainability report.’;

RemovedAmendments 235 and 294

RemovedArticle 2 – paragraph 1 – point 4 – point b – point i

RemovedDirective 2013/34/EU

RemovedArticle 29a – paragraph 3 – subparagraph 1

RemovedAmendment: ‘Where applicable, the information referred to in paragraphs 1 and 2 shall contain information about the group’s own operations and about its value chain, including its products and services, its business relationships and its supply chain. Member States shall ensure that, for the reporting of sustainability information as required by this Directive, undertakings do not seek to obtain from undertakings in their value chain which, on their balance sheet dates, do not exceed the average number of 1 750 employees and a net turnover of EUR 450 000 000 during the financial year any information that exceeds the information specified in the standards for voluntary use referred to in Article 29ca, except for additional sustainability information that is commonly shared between undertakings in the sector concerned. Undertakings that report the necessary value chain information without reporting from undertakings in their value chain which, on their balance sheet dates, do not exceed the average number of 1 750 employees and a net turnover of EUR 450 000 000 during the financial year any information that exceeds the information specified in the standards for voluntary use referred to in Article 29ca, except for additional sustainability information that is commonly shared between undertakings in the sector concerned, shall be deemed to have complied with the obligation to report value chain information set out in this paragraph.’;

RemovedDirective 2013/34/EU