8 Amendments of Marie TOUSSAINT related to 2023/0368(COD)
Amendment 1 #
Proposal for a decision
Title 1
Title 1
Proposal for a DECISIONIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings (Text with EEA relevance)
Amendment 2 #
Proposal for a decision
Recital 1
Recital 1
(1) Sustainability reporting requirements play a key role in ensuring market transparency and in, ensuring that undertakings are accountable for their impacts on people and the environment. However, it is important to streamline those requirement and ensuring that information is provided by undertakings to allow for stakeholders, including civil society actors, trade unions and workers’ representatives, to enter into dialogue with undertakings on sustainability matters. It is important that those requirements are clear, comprehensive as well as precise and developed in consultation with all relevant stakeholders, in order to ensure that they fulfil the purpose for which they were intended and to limit the administrative burden.
Amendment 3 #
Proposal for a decision
Recital 3
Recital 3
(3) To reduce the reporting burden on undertakings, as set out in the CommissionIn its Communication on ‘Long- term competitiveness of the EU: looking beyond 2030’10 , undertakings should be allowed to focus firstthe Commission stated that undertakings should focus on the implementation of sustainability reporting requirements laid down in Delegated Regulation (EU) XX/XXX. For that reason, the time limit for the adoption of the delegated acts containing the complementary sustainabiThe requirements in this Delegated Act, in particular with regards to decarbonisation, biodiversity, human rights and working conditions are however formulated only in a general way. Undertakings are also required to carry out a double materiality assessment on all ESG topics, including sector- specific topics, and document the process, results and thresholds. Therefore the sector-specific standards are to clarify what exactly and in what detail should be disclosed, since concrete impacts and methods are different from sector to sector. Sector-specific standards will simplitfy preportaring requirements referred to in Article 29b(1), third subparagraph, of Directive 2013/34/EU should be postponed by 2 years. materiality assessment, thus making the reporting exercise significantly less demanding and costly. As long as the second set of standards is not adopted, companies have limited support to determine the sector-specific disclosures, which could lead to an incomplete or negative qualified opinion. Therefore, the need for sector-specific standards has only heightened and any further delay in their adoption will increase the uncertainty for as well as burden placed on companies, and will undermine reliability of information. It will also leave the door open for greenwashing and unfair competition. _________________ 10 COM(2023)168.
Amendment 6 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3 a) Several stakeholders, including investors and banks, have indicated the need to improve and enhance the mandatory reporting framework for undertakings to ensure they factor in relevant data in their decisions, carry out adequate risk assessments and fulfil their own disclosure obligations. This is in particular urgent for undertakings in high-impact sectors and industries to foster the sustainable transformation and decarbonisation of our economy, for example oil & gas, mining, textiles, agriculture, transportation, car manufacturing, construction or real estate. Therefore, the adoption of well- focused sector-specific standards with clear requirements for undertakings in sectors that are key for climate transition and sectors with high human rights risks should be prioritised. For these reasons, even when the time limit is delayed for the adoption of the delegated acts containing the complementary sustainability reporting requirements referred to in Article 29b(1), third subparagraph, of Directive 2013/34/EU, this prioritisation should be reflected.
Amendment 8 #
Proposal for a decision
Recital 5
Recital 5
(5) The reporting requirements for certain third-country undertakings only apply as of financial year 2028. Since the time limit for the adoption of the delegated acts containing the complementary sustainability reporting obligations referred to in Article 29b(1), third subparagraph, of Directive 2013/34/EU will be postponed by 2 years, the time limit for the adoption of the sustainability reporting standards for certain third-country undertakings standards should also be postponed by 2 yearsbe adapted accordingly.
Amendment 10 #
Proposal for a decision
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Directive 2013/34/EU
Article 29b – paragraph 1 – third subparagraph
Article 29b – paragraph 1 – third subparagraph
(1) In Article 29b(1), the third subparagraph, introductory wording, ‘30 June 2024’ is replaced by ‘30 June 2026’; is replaced by the following: In the delegated acts referred to in the first subparagraph the Commission shall, by 31 December 2024, specify: (i) complementary information that undertakings are to report with regard to the sustainability matters and reporting areas listed in Article 19a(2), where necessary; (ii) information to be reported on by undertakings that operate in the following sectors and that is specific to that sector: - oil and gas, - mining, coal and quarrying, - road transport, - textiles, accessories, footwear and jewellery, and - agriculture, farming and fisheries.
Amendment 13 #
Proposal for a decision
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
Directive 2013/34/EU
Article 29b – paragraph 1 – subparagraphs 4 and 5 (new)
Article 29b – paragraph 1 – subparagraphs 4 and 5 (new)
(1 a) In Article 29b(1), the following fourth and fitth subparagraphs are inserted: In the delegated acts referred to in the first subparagraph, the Commission shall, by 30 June 2025, specify information to be reported on by undertakings that operate in the following sectors and that is specific to that sector: - food and beverage services, - motor vehicles, - power production and energy utilities, - capital markets/investments, insurance, lending and banking, and - real estate. In the delegated acts referred to in the first subparagraph the Commission shall, by 31 December 2025, specify information to be reported on by undertakings that operate in the sectors that are not covered in the previous subparagraphs, and that is specific to that sector.
Amendment 14 #
Proposal for a decision
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Article 40b
Article 40b
(2) in Article 40b, ‘30 June 2024’ is replaced by ‘30 June 2026the corresponding dates in article 29b (1)’.