S.L. 386.31 Art. 18Where significant differences are identified.

(1) Where the reporting undertaking identifies significant differences between the risks for, or impacts of, the group and the risks for, or impacts of, one (1) or more of its subsidiary undertakings, the undertaking shall provide an adequate understanding of, as appropriate, the risks for, and impacts of, the subsidiary undertaking or subsidiary undertakings concerned.

(2) Undertakings shall indicate which subsidiary undertakings included in the consolidation are exempt from annual or consolidated sustainability reporting pursuant to regulation 14(1) to (8) or regulation 22(1) to (8), respectively.