Amendments to Directive (EU) 2022/2464
Article 3
Directive (EU) 2022/2464 is amended as follows: (1) in Article 5, paragraph 2 is amended as follows: (a) the first subparagraph is amended as follows: (i) in point (a), the introductory wording is replaced by the following: ‘for financial years starting between 1 January 2024 and 31 December 2026:’ ; (ii) point (b) is amended as follows: (1) point (i) is replaced by the following: ‘(i) to undertakings which, on their balance sheet dates, exceed a net turnover of EUR 450 000 000 and an average number of 1 000 employees during the financial year;’ ; (2) point (ii) is replaced by the following: ‘(ii) to parent undertakings of a group which, on its balance sheet dates, exceeds, on a consolidated basis, a net turnover of EUR 450 000 000 and an average number of 1 000 employees during the financial year;’ ; (iii) point (c) is deleted; (b) the third subparagraph is amended as follows: (i) in point (a), the introductory wording is replaced by the following: ‘for financial years starting between 1 January 2024 and 31 December 2026:’ ; (ii) point (b) is amended as follows: (1) point (i) is replaced by the following: ‘(i) to issuers as defined in point (d) of Article 2(1) of Directive 2004/109/EC which are undertakings which, on their balance sheet dates, exceed a net turnover of EUR 450 000 000 and an average number of 1 000 employees during the financial year;’ ; (2) point (ii) is replaced by the following: ‘(ii) to issuers as defined in point (d) of Article 2(1) of Directive 2004/109/EC which are parent undertakings of a group which, on its balance sheet dates, exceeds, on a consolidated basis, a net turnover of EUR 450 000 000 and an average number of 1 000 employees during the financial year;’ ; (iii) point (c) is deleted; (c) the following subparagraph is added: ‘By way of derogation from point (a) of the first subparagraph and point (a) of the third subparagraph, Member States may exempt undertakings or issuers which do not exceed a net turnover of EUR 450 000 000 or an average number of 1 000 employees during the financial year, on a consolidated basis where applicable, from complying with the measures necessary to comply with Article 1, with the exception of point (14), and with Article 2, for the financial years starting between 1 January 2025 and 31 December 2026.’ ; (2) in Article 6, paragraph 1 is amended as follows: (a) points (b) and (c) are replaced by the following: ‘(b) an assessment of the number of undertakings voluntarily using the sustainability reporting standards referred to in Article 29ca of Directive 2013/34/EU; (c) an assessment of whether and how the scope of the provisions amended by this amending Directive should be extended, in particular in relation to large undertakings with a net turnover not exceeding EUR 450 000 000 and an average number of employees not exceeding 1 000 during the financial year, as well as to third-country undertakings operating directly on the Union internal market without a subsidiary or a branch on the territory of the Union;’ ; (b) the second subparagraph is replaced by the following: ‘The report concerning points (a), (b), (d) and (e) of the first subparagraph shall be published by 30 April 2029 and every three years thereafter, and shall be accompanied, if appropriate, by legislative proposals. The report concerning point (c) of the first subparagraph shall be published by 30 April 2031 and every three years thereafter, and shall be accompanied, if appropriate, by legislative proposals.’.