Ireland · Reporting regimes beyond the financial statements

Sustainability reporting, consultation, consolidated reporting, exemptions and assurance

the Companies Act 2014 · sections 1589 to 1592, 1595 to 1597, 1599 to 1601, 1603 to 1606, 1609, 1616, 1617, 1627, 1632, 1634 and 1637

Sustainability reporting sits inside the directors' report, not beside it. The directors of an applicable company must, when preparing a directors' report under Chapter 9 of Part 6, include the information section 1589 requires, which covers key intangible resources as well as the sustainability information itself. A separate document published alongside the annual report has not met the section.

Consultation is a condition, not a courtesy. The directors of an applicable company must provide information to, and consult with, employees' representatives at the appropriate level, as section 1591(1) requires. A report prepared without that consultation is incomplete however accurate its content.

Sections 1589 to 1592 govern the sustainability reporting obligation, key intangible resources, consultation with employees' representatives and the derogations available. Sections 1595 to 1597 govern consolidated sustainability reporting, and the directors of an applicable company falling within paragraph (a) of the definition of applicable company that is a holding company must act as section 1596(1) requires.

Sections 1599 to 1601 set the conditions on which the exemption in section 1598 depends, beginning with the condition in section 1599(1)(a) about the directors' report of the exempted undertaking, together with the electronic reporting format and the documents annexed to the annual return. Sections 1603 to 1606 govern reporting by subsidiaries and branches of third-country undertakings, and an applicable subsidiary whose ultimate parent is a third-country undertaking must publish and make accessible what section 1603(1) requires. Sections 1609, 1616, 1617, 1627, 1632, 1634 and 1637 govern the assurance of sustainability reporting and the approval of assurance providers.

Working files 187, 188, 189, 190, 191 and 192 of the IE-COMPANY agent toolkit cover this situation. Working file 187 works through key intangible resources and the reporting obligation itself, and Working file 188 works through consultation with employees' representatives and the derogations. Working file 189 works through consolidated sustainability reporting, and Working file 190 works through the exemption conditions, the electronic reporting format and the documents annexed to the return. Working file 191 works through subsidiaries and branches of third-country undertakings, and Working file 192 works through assurance and the approval of assurance providers.

• Working file 187 · Key intangible resources and the sustainability reporting obligation
• Working file 188 · Consultation with employees' representatives and derogations from sustainability reporting
• Working file 189 · Consolidated sustainability reporting and consultation on it
• Working file 190 · Exemption conditions, the electronic reporting format and documents annexed to the return
• Working file 191 · Sustainability reporting by subsidiaries and branches of third-country undertakings
• Working file 192 · Assurance of sustainability reporting and approval of assurance providers

ComplianceSME tracks the Companies Act 2014 and updates the toolkit on your account through the Compliance Complete account, so that you are never working from a superseded version. Compliance Complete

• Foreign insolvency judgments, partnership size limits and signing by credit institutions
• Reports on payments to governments
• The statutory audit regime and public-interest entities

The Irish library holds all 75 situations →