S.L. 386.31 Art. 11Reporting derogations for certain undertakings.

(1) By way of derogation from regulations 7 to 9, and without prejudice to regulation 14, small undertakings and medium-

sized undertakings which are listed public-interest entities, small and non-complex institutions, captive insurance undertakings and captive reinsurance undertakings may limit their sustainability reporting to the following information:

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

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

(c) the principal actual or potential adverse impacts of the undertaking 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 undertaking related to sustainability matters and how the undertaking manages those risks; and

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

(2) Small undertakings and medium-sized undertakings, small and non-complex institutions and captive insurance and reinsurance undertakings that rely on the derogation referred to in the sub- regulation (1) shall report in accordance with the sustainability reporting standards for small undertakings and medium-sized undertakings referred to in Article 29c of the Accounting Directive.