[ParlTrack]

Proposal for a directive
Recital 18

(18) Considering the growing relevance of sustainability-related risks and taking into account that small and medium-sized enterprises (SMEs) listed on regulated markets comprise a significant proportion of all listed undertakings in the Union, in order to ensure investor protection it is appropriate to require that also those SMEs disclose information on sustainability matters. The introduction of this requirement will help to ensure that financial market participants can include smaller listed undertakings in investment portfolios on the basis that they report the sustainability information that financial market participants need. It will therefore help to protect and enhance the access of smaller listed undertakings to financial capital, and avoid discrimination against such undertakings on the part of financial market participants. The introduction of this requirement is also necessary to ensure that financial market participants have the information they need from investee undertakings to be able to comply with their own sustainability disclosure requirements laid down in Regulation (EU) 2019/2088. SMEs listed on regulated markets should, however, be provided with sufficient time to prepare for the application of the requirement to report sustainability information, due to their smaller size and more limited resources, and taking account of the difficult economic circumstances created by the COVID-19 pandemic. They should also be given the possibility to report according to standards that are proportionate to the capacities and resources of SMEs. Non- listed SMEs can also choose to use these proportionate standards on a voluntary basis. The SME standards will set a reference for undertakings that are within the scope of the Directive regarding the level of sustainability information that they could reasonably request from SME suppliers and clients in their value chains.deleted

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 3

Directive 2013/34/EU
Article 19 a

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 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.

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 3

5. By way of derogation from Article 19a, paragraphs 1 to 4, small and medium sized undertakings referred to in Article 2, point (1), point (a), may report in accordance with the sustainability reporting standards for small and medium sized undertakings referred to in Article 19c.deleted

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 4

~~Article 19c~~deleted

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 4

Sustainability reporting standards for SMEs

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 4

~~The Commission shall adopt~~ delegated acts in accordance with Article 49 to provide for sustainability reporting standards proportionate to the capacities and characteristics of small and medium- sized undertakings. Those sustainability reporting standards shall specify which information referred to in Articles 19a and 29a small and medium-sized undertakings referred to in Article 2, point (1)(a) shall report. They shall take into account the criteria set out in Article 19b, paragraphs 2 and 3. They shall also, where relevant, specify the structure in which that information shall be reported.

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 4

~~The Commission shall adopt those~~ delegated ~~acts at the latest by 31 October 2023.~~

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point a Directive 2013/34/EU

(g) a description of the diversity policy applied in relation to the undertaking's administrative, management and supervisory bodies with regard to gender and other aspects such as, age, or educational and professional backgrounds or disabilities, the objectives of that diversity policy, how it has been implemented and the results in the reporting period. If no such policy is applied, the statement shall contain an explanation as to why this is the case.;

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 1 – paragraph 1 – point 7

5. By way of derogation from Article 29a, paragraphs 1-4, parent undertakings that are small and medium sized undertakings referred to in Article 2, point (1), point (a), may report in accordance with the sustainability reporting standards for small and medium sized undertakings referred to in Article 19c.deleted

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 5 – paragraph 1 – subparagraph 1

Member States shall provide that the provisions referred to in the first subparagraph shall apply for financial years starting on or after 1 January 20234

2021/12/15
Committee: JURI

Adrián VÁZQUEZ LÁZARA

Proposal for a directive
Article 6 – paragraph 1 u

Article 4 of this Directive shall apply to financial years starting on or after 1 January 20234.

2021/12/15
Committee: JURI

11 Amendments of Adrián VÁZQUEZ LÁZARA related to 2021/0104(COD)

ParlTrack - 2011-2024