S.L. 386.31 Art. 29Sustainability reportingstandards and assurance report forthird- country undertakings.

(1) The sustainability report communicated by the subsidiary undertaking or branch of a third country ultimate parent referred to in regulations 25 to 28 shall be drawn up in accordance with the sustainability reporting standards applicable to third country undertakings as may be adopted by the Commission from time to time.

(2) By way of derogation from sub-regulation (1), the sustainability report of a third country ultimate parent referred to in regulations 25 to 28 may be drawn up in accordance with the sustainability reporting standards adopted pursuant to regulation 23 or in a manner equivalent to those sustainability reporting standards, as determined in accordance with an implementing act adopted by the Commission, on the equivalence of sustainability reporting standards.

(3) Where the information required to draw up the sustainability report referred to in sub-regulation (1) is not available, the subsidiary undertaking or branch referred to in regulations 25 to 28 shall request the third-country undertaking to provide them with all information necessary to enable them to meet their obligations.

(4) In the event that not all the required information is provided, the subsidiary undertaking or branch referred to regulations 25 to 28 shall draw up, publish and make accessible the sustainability report referred to in regulations 25 to 28, containing all information in its possession, obtained or acquired, and issue a statement indicating that the third-country undertaking did not make the necessary information available.