ARTICLE 8 TAXONOMY REGULATION DISCLOSURES

Commission Notice on the interpretation of certain legal provisions in 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, ‘first ESRS delegated act’), and Regulation (EU) 2019/2088 (Sustainable Finance Disclosures Regulation, ‘SFDR’) as regards sustainability reporting · European Union

32) Do undertakings have to include Article 8 Taxonomy Regulation disclosures in their sustainability statement? Yes, undertakings in the scope of Articles 19a or 29a of the Accounting Directive must include Article 8 Taxonomy Regulation disclosures in their sustainability statements. 33) If an SME with transferable securities admitted to trading on an EU regulated market avails of the 2-year opt-out from sustainability reporting until 2028, does it have to still include Article 8 Taxonomy disclosures in its management report? No. Article 8 Taxonomy Regulation applies to all undertakings required to prepare and publish a sustainability statement under Articles 19a and 29a of the Accounting Directive. However, if an SME (excluding micro-undertakings) with transferable securities admitted to trading on an EU regulated market decides not to include in its management report the sustainability statement under Article 19a(7) of the Accounting Directive – where Article 8 Taxonomy Regulation disclosures would need to be included – it is not required to disclose Article 8 Taxonomy Regulation disclosures. 34) Are undertakings required to include in their management report the information to be disclosed under Article 8 Taxonomy Regulation even if they are exempted from preparing and publishing their sustainability statement under Article 19a(9) and 29a(8) of the Accounting Directive? Yes, but only if the parent undertaking is established in a third country and Article 8 Taxonomy Regulation disclosures are not included in the parent’s consolidated sustainability reporting. Where the undertaking avails of the exemption from the obligation to disclose a sustainability statement under Articles 19a(9) or 29a(8) of the Accounting Directive, if the parent undertaking is established in a third country, Article 8 Taxonomy Regulation disclosures, covering the activities carried out by the exempted subsidiary undertaking established in the Union and its subsidiary undertakings, must be included in the management report of the exempted subsidiary undertaking, or in the consolidated sustainability reporting carried out by the parent undertaking established in a third country (99).

← sec_value_chain · All articles · sec_language_requirements →

Source: EUR-Lex (Cellar) · retrieved 2026-09-07