{"id":32347,"date":"2024-11-21T19:26:37","date_gmt":"2024-11-21T18:26:37","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=32347"},"modified":"2024-11-21T19:28:20","modified_gmt":"2024-11-21T18:28:20","slug":"the-czech-republic-publishes-a-notice-on-the-interpretation-of-certain-legal-provisions-on-reporting-on-the-sustainability-of-established-csrd-and-sfdr","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2024\/11\/21\/the-czech-republic-publishes-a-notice-on-the-interpretation-of-certain-legal-provisions-on-reporting-on-the-sustainability-of-established-csrd-and-sfdr\/","title":{"rendered":"The EC publishes a notice on the interpretation of some legal provisions on sustainability reporting introduced by CSRD and SFDR"},"content":{"rendered":"<p>A document entitled &quot;<a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/PDF\/?uri=OJ:C_202406792\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\">Communication from the Commission<\/span><\/a> on the interpretation of some provisions of Directive 2013\/34\/EU (Accounting Directive), Directive 2006\/43\/EC (Audit Directive), Regulation (EU) No. 537\/2014 (Audit Regulation), Directive 2004\/109\/EC (Transparency Directive), Delegated Regulation (EU) 2023\/2772 (the first set of European Sustainability Reporting Standards, &quot;the first ESRS Delegated Act&quot;) and Regulation ( EU) 2019\/2088 (Sustainable Finance Disclosure Regulation, &quot;SFDR&quot;) as regards sustainability reporting&#039; provides clarification on some of the legal provisions relating to sustainability reporting.<\/p>\n<p><strong>The main objective of the document is to facilitate the implementation of the new sustainability reporting requirements introduced by the Corporate Sustainability Reporting Directive (CSRD) into existing legislation.<\/strong> The document contains:<\/p>\n<ul>\n<li><strong>Glossary of relevant terms:<\/strong> Defines key terms related to sustainability reporting, such as &quot;accounting guidance&quot;, &quot;ESRS&quot;, &quot;sustainability report&quot; and &quot;sustainability statement&quot;.<\/li>\n<li><strong>Overview of CSRD requirements:<\/strong> Briefly describes the new sustainability reporting requirements introduced by the CSRD Directive.<\/li>\n<li><strong>Detailed guidance on specific aspects of sustainability reporting:<\/strong> The document is structured into Frequently Asked Questions (FAQ) sections, which cover various topics:\n<ul>\n<li><strong>Scope and dates of application:<\/strong> Who is required to report on sustainability and since when.<\/li>\n<li><strong>Exemption rules:<\/strong> When is a business exempt from sustainability reporting?<\/li>\n<li><strong>ESRS:<\/strong> Which ESRS standards should businesses use and how should they report on their value chain.<\/li>\n<li><strong>Disclosure of information pursuant to Article 8 of the Taxonomy Regulation:<\/strong> How to include the disclosure of information under Article 8 of the Taxonomy Regulation in the Sustainability Statement.<\/li>\n<li><strong>Language and format requirements:<\/strong> In what language and format should the sustainability report be prepared and published.<\/li>\n<li><strong>Supervision:<\/strong> Which authorities are responsible for overseeing compliance with sustainability reporting requirements.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Verification requirements for sustainability reports:<\/strong> Who can verify sustainability reports and what are the verification conditions.<\/li>\n<li><strong>Requirements for businesses from third countries:<\/strong> How sustainability reporting requirements apply to businesses from third countries.<\/li>\n<li><strong>SFDR:<\/strong> How intangible asset information and SFDR indicators relate to sustainability reporting.<\/li>\n<\/ul>\n<p>It is important to note that this document serves only as an aid in the implementation of the relevant legislation. It does not introduce any new rights or obligations and is not a binding interpretation of EU law.<strong><em> Spring<\/em>\u00a0<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Document entitled \u2018Commission notice on the interpretation of certain provisions of Directive 2013\/34\/EU (Accounting Directive), Directive 2006\/43\/EC (Audit Directive), Regulation (EU) No 537\/2014 (Audit Regulation), Directive 2004\/109\/EC (Transparency Directive), Delegated Regulation (EU) 2023\/2772 (First set of European Sustainability Reporting Standards, \u2018First ESRS Delegated Act\u2019) and Regulation (EU) 2019\/2088 (Disclosure Regulation [\u2026]<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-32347","post","type-post","status-publish","format-standard","hentry","category-esg_legislativa"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/32347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=32347"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/32347\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=32347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=32347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=32347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}