Emtract Ingest
API
EN
EN
DE
Dashboard
Regulations
Crawlers
Attributes
Topics
Home
/
Regulations
/
UGB (sustainability reporting)
/
Edit penalty
Edit penalty
Description (English)
Restriction in the first three years of application: infringements of the substantive accuracy and completeness of the sustainability reporting may be penalised by coercive penalties only where the legal representatives and the company fail to comply with a final request by the court to correct or subsequently submit a disclosure. For substantive errors there is therefore first a request and only then a penalty during that period.
Description (German)
Einschränkung in den ersten drei Anwendungsjahren: Verstöße gegen die inhaltliche Richtigkeit und Vollständigkeit der Nachhaltigkeitsberichterstattung können nur dann mit Zwangsstrafen geahndet werden, wenn die gesetzlichen Vertreter und die Gesellschaft einer rechtskräftigen Aufforderung des Gerichts, eine Angabe richtigzustellen oder nachzureichen, nicht nachkommen. Für inhaltliche Fehler gibt es in dieser Zeit also zuerst eine Aufforderung und erst danach eine Strafe.
Kind
Criminal Liability
Damage to Reputation
Exclusion from Procurement
Monetary Fine
Other
Other Prohibitions and Exclusions
Private Action
Prohibition of Sales
Public Disclosure
Rule set
Regulation-wide (no rule set)
Large public-interest entities with more than 1,000 employees and more than EUR 450 million net turnover
Public-interest parent companies of a large group with more than 1,000 employees and more than EUR 450 million consolidated net turnover
Companies subject to sustainability reporting, once the electronic reporting format applies
Parent companies subject to consolidated sustainability reporting, once the electronic reporting format applies
Companies relying on the exemption from sustainability reporting
Parent companies relying on the exemption from consolidated sustainability reporting
Companies requesting sustainability information from their value chain
Large companies limited by shares without a sustainability reporting duty
Companies limited by shares whose financial statements must be audited
Assurance providers for sustainability reporting
Assurance providers for sustainability reporting at public-interest entities
Companies limited by shares subject to preparation duties
Parent companies subject to the duty to draw up consolidated financial statements
Companies included in foreign consolidated financial statements
Public limited companies whose shares are admitted to trading on a regulated market
Companies subject to Union-law verification by an accredited third party
Reporting companies in the first three years of application
Companies below the thresholds that report under the previous law
Companies limited by shares when drawing up the annual financial statements
Public limited companies with only securities other than shares on a regulated market and shares traded on a multilateral trading facility
Responsible authority
Withdrawn at
Cancel
Delete this penalty
Emtract Ingest