Companies Act 2014 section 1600

Single electronic reporting format of directors' report of applicable companies

Section 1600 requires directors of applicable companies to prepare their directors' reports in a specified electronic format and to electronically tag their sustainability reporting information.

• Directors of applicable companies must prepare their directors' report using the electronic reporting format set out in EU Delegated Regulation 2019/815 (known as the ESEF format)
• All sustainability reporting within the directors' report, including taxonomy-related disclosures on environmentally sustainable activities under EU Regulation 2020/852, must be digitally marked up in accordance with that same electronic format
• Where a company is a holding company required to produce consolidated sustainability reporting, the group directors' report must also be prepared in the ESEF electronic format
• The consolidated sustainability reporting in the group directors' report, including the environmental taxonomy disclosures, must likewise be electronically tagged using the specified format