Companies Act 2014

F1199[Derogation from section 1590 for certain applicable companies

1592

1592. (1) The directors of an applicable company referred to in section 1587(1)(c) may limit the sustainability reporting required under section 1590 to the following information:

(a) a brief description of the applicable company’s business model and strategy;

(b) a description of the applicable company’s policies in relation to sustainability matters;

(c) the principal actual or potential adverse impacts of the applicable company on sustainability matters, and any actions taken to identify, monitor, prevent, mitigate or remediate such actual or potential adverse impacts;

(d) the principal risks to the applicable company related to sustainability matters and how the applicable company manages those risks;

(e) key indicators necessary for the disclosures referred to in paragraphs (a) to (d).

(2) The directors of an applicable company that limits the company’s sustainability reporting in accordance with subsection (1) shall report in accordance with the sustainability reporting standards for small and medium-sized undertakings adopted by the Commission pursuant to Article 29c of the Accounting Directive.

(3) F1200[]]

Annotations

Amendments:

F1199

Inserted (6.07.2024) by European Union (Corporate Sustainability Reporting) Regulations 2024 (S.I. No. 336 of 2024), reg. 24, in effect as per reg. 1(2).

F1200

Deleted (7.07.2025) by European Union (Corporate Sustainability Reporting) Regulations 2025 (S.I. No. 309 of 2025), reg. 6.