Companies Act 2014 section 1593

Deemed compliance with section 327(3)(b)

Section 1593 provides that an applicable company which meets its sustainability reporting obligations is automatically treated as having satisfied the non-financial reporting requirement in the directors' report under section 327(3)(b).

• Companies that comply with the full sustainability reporting requirements under section 1590 are deemed to have met the directors' report obligation in section 327(3)(b).
• Companies that comply with the simplified sustainability reporting derogation under section 1592 also receive the same deemed compliance.
• This avoids duplication by ensuring that companies do not need to separately address section 327(3)(b) if they have already fulfilled their sustainability reporting duties.
• The provision applies only to "applicable companies" as defined elsewhere in Part 28 of the Act.