Directive 2024/1306 - Amendment of 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

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Contents

  1. Current status
  2. Key information
  3. Key dates
  4. Legislative text
  5. Original proposal
  6. Sources and disclaimer
  7. Full version
  8. EU Monitor

1.

Current status

This directive entered into force on May 28, 2024.

2.

Key information

official title

Directive (EU) 2024/1306 of the European Parliament and of the Council of 29 April 2024 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
 
Legal instrument Directive
Number legal act Directive 2024/1306
Original proposal COM(2023)596 EN
CELEX number19 32024L1306

3.

Key dates

Document 29-04-2024; Date of signature
Signature 29-04-2024
Effect 28-05-2024; Entry into force Date pub. +20 See Art 2
End of validity 31-12-9999

4.

Legislative text

 

Official Journal

of the European Union

EN

L series
 
 

2024/1306

8.5.2024

DIRECTIVE (EU) 2024/1306 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 29 April 2024

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)

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 50(1) thereof,

Having regard to the proposal from the European Commission,

After transmission of the draft legislative act to the national parliaments,

Having regard to the opinion of the European Economic and Social Committee (1),

Acting in accordance with the ordinary legislative procedure (2),

Whereas:

 

(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 on the environment. However, it is important to streamline those requirements, in order to ensure that they fulfil the purpose for which they were intended, and to limit the administrative burden.
 

(2)

Directive 2013/34/EU of the European Parliament and of the Council (3) requires the Commission to provide for sustainability reporting standards by means of delegated acts, by 30 June 2024, specifying the information that undertakings are to report with regard to sustainability matters and the reporting areas specific to the sector in which an undertaking operates, in addition to the information that undertakings are already required to provide under Commission Delegated Regulation (EU) 2023/2772 (4).
 

(3)

To reduce the reporting burden on undertakings, as stated in the Commission Communication of 16 March 2023 entitled ‘Long-term competitiveness of the EU: looking beyond 2030’, undertakings should be allowed to focus first on the implementation of sustainability reporting requirements laid down in Delegated Regulation (EU) 2023/2772. For that reason, the time limit for the adoption of the delegated acts containing the sustainability reporting standards that specify the information that undertakings are to report with regard to sustainability matters and the reporting areas specific to the sector in which an undertaking operates referred to in Directive 2013/34/EU should be postponed by two years. However, that postponement should not prevent the Commission from publishing the delegated acts containing the sector-specific sustainability reporting standards before that two-year period has elapsed, and the Commission should endeavour to adopt delegated acts containing eight of the sector-specific sustainability reporting standards as soon as each is ready.
 

(4)

Undertakings in the same sector are often exposed to similar sustainability-related risks, and they often have similar impacts on society and on the environment. Comparisons between undertakings in the same sector are especially valuable to investors and to other users of sustainability information. Sustainability reporting standards should therefore specify both information that undertakings in all sectors should disclose, and information that undertakings should disclose depending on their sector of activity. Sector-specific sustainability reporting standards are especially important in the case of sectors associated with high sustainability risks for, or impacts on, the environment, human rights and governance, including sectors listed in Sections A, B (including oil, gas, mining and coal) to H, K and L of Annex I to Regulation (EC) No 1893/2006 of the European Parliament and of the Council (5), and the relevant activities within those sectors. When adopting delegated acts containing sector-specific sustainability reporting standards, the Commission should...


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This text has been adopted from EUR-Lex.

5.

Original proposal

 

6.

Sources and disclaimer

For further information you may want to consult the following sources that have been used to compile this dossier:

This dossier is compiled each night drawing from aforementioned sources through automated processes. We have invested a great deal in optimising the programming underlying these processes. However, we cannot guarantee the sources we draw our information from nor the resulting dossier are without fault.

 

7.

Full version

This page is also available in a full version containing the legal context, de Europese rechtsgrond, other dossiers related to the dossier at hand and the related cases of the European Court of Justice.

The full version is available for registered users of the EU Monitor by ANP and PDC Informatie Architectuur.

8.

EU Monitor

The EU Monitor enables its users to keep track of the European process of lawmaking, focusing on the relevant dossiers. It automatically signals developments in your chosen topics of interest. Apologies to unregistered users, we can no longer add new users.This service will discontinue in the near future.

  • 1. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 2. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 3. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 4. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 5. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 6. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 7. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 8. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 9. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 10. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 11. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 12. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 13. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 14. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 15. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 16. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 17. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 18. 
    of the Accounting Directive mandates the Commission to adopt via delegated acts the ESRS to be used by large undertakings and listed SMEs, while Article 40b mandates the Commission to adopt the ESRS for the sustainability report of certain non-EU companies
     
  • 19. 
    Deze databank van de Europese Unie biedt de mogelijkheid de actuele werkzaamheden (workflow) van de Europese instellingen (Europees Parlement, Raad, ESC, Comité van de Regio's, Europese Centrale Bank, Hof van Justitie enz.) te volgen. EURlex volgt alle voorstellen (zoals wetgevende en begrotingsdossiers) en mededelingen van de Commissie, vanaf het moment dat ze aan de Raad of het Europees Parlement worden voorgelegd.
     
  • 20. 
    EUR-lex provides an overview of the proposal, amendments, citations and legality.