The information referred to in the first subparagraph shall be clearly identifiable within the consolidated management report, through a dedicated section of the consolidated management report. Member States are allowed to do so where the undertaking concerned prepares a separate report that is published together with the management report in accordance with Article30 of that Directive, or where that report is made publicly available on the undertakings website within a reasonable period of time not exceeding 6 months after the balance sheet date, and is referred to in the management report. 3. Regulation (EU) No537/2014 is amended as follows: in Article4(2), the second subparagraph is replaced by the following: For the purposes of the limits specified in the first subparagraph of this paragraph, the assurance of sustainability reporting, and non-audit services other than those referred to in Article5(1), required by Union or national legislation, shall be excluded.; in paragraph 1, second subparagraph, point (c) is replaced by the following: bookkeeping and preparing accounting records and financial statements as well as preparing sustainability reporting;; in paragraph 4, the following subparagraph is inserted after the first subparagraph: The approval of the audit committee referred to in the first subparagraph shall not be needed for the provision of assurance of sustainability reporting.. For the purposes of the first subparagraph of this paragraph, insurance undertakings referred to in point (a) of the first subparagraph of Article1(3) of this Directive that are part of a group, on the basis of financial relationships as referred to in point (c)(ii) of Article212(1) of Directive 2009/138/EC, and which are subject to group supervision in accordance with points (a) to (c) of Article213(2) of that Directive shall be treated as subsidiary undertakings of the parent undertaking of that group. Whilst some of the detail remains to be developed by EFRAG, it is clear that it will require significant resource and will overlap in scope and diverge in content with the rules of other jurisdictions. By way of derogation from paragraphs 2 to 4 of this Article, and without prejudice to paragraphs 9 and10 of this Article, small and medium-sized undertakings referred to in paragraph 1 of this Article, small and non-complex institutions defined in point (145) of Article4(1) of Regulation (EU) No575/2013, captive insurance undertakings defined in point (2) of Article13 of Directive 2009/138/EC of the European Parliament and of the Council(*10) and captive reinsurance undertakings defined in point (5) of Article13 of that Directive may limit their sustainability reporting to the following information: a brief description of the undertakings business model and strategy; the principal actual or potential adverse impacts of the undertaking on sustainability matters, and any actions taken to identify, monitor, prevent, mitigate or remediate such actual or potential adverse impacts; the principal risks to the undertaking related to sustainability matters and how the undertaking manages those risks; key indicators necessary for the disclosures referred to in points (a) to (d). A Member State may register a third-country auditor for the purpose of the assurance for sustainability reporting only if he or she meets the requirements set out in points (b), (c) and (d) of the second subparagraph of paragraph 5 of this Article. (*24)Regulation (EU) 2020/852 of the European Parliament and of the Council of 18June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJL198, 22.6.2020, p.13).;". The provisions of this amending Directive amending Articles 19a and29a of Directive 2013/34/EU explicitly set out the scope of the reporting requirements with reference to Articles 2 and3 of Directive 2013/34/EU. Due diligence is the process that undertakings carry out to identify, monitor, prevent, mitigate, remediate or bring an end to the principal actual and potential adverse impacts connected with their activities and identifies how undertakings address those adverse impacts. 3. As required by Article2 of Directive 2014/95/EU, on 5July 2017, the Commission adopted a Communication entitled Guidelines on non-financial reporting (methodology for reporting non-financial information) (Guidelines on non-financial reporting), providing for non-binding guidelines for undertakings that fall under the scope of that Directive. The Commission shall request the opinion of the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) on the technical advice provided by EFRAG, in particular with regard to its consistency with Regulation (EU) 2019/2088 and the delegated acts adopted pursuant to that Regulation. Information disclosed in accordance with Article8 of Regulation (EU) 2020/852 about the amount of capital expenditure (CapEx) or operating expenditure (OpEx) associated with taxonomy-aligned activities could support financial and investment plans related to such plans where appropriate. Where any of those entities decide to submit an opinion, they should do so within two months of the date of being consulted by the Commission. The Commission should make publicly available on its website a list of the third-country undertakings that have published a sustainability report. Information about relationships with suppliers includes payment practices relating to the date or period for payment, the rate of interest for late payment or the compensation for recovery costs referred to in Directive 2011/7/EU of the European Parliament and of the Council(31). The possibility of publishing a separate report hinders, however, the availability of information that connects financial information and information on sustainability matters. 2. The Commission shall make publicly available on its website a list of the third-country undertakings that publish a sustainability report. Member States may inform the Commission on an annual basis of the subsidiary undertakings or branches of third-country undertakings that fulfilled the publication requirement laid down in Article40d and of the cases where a report was published but where the subsidiary undertaking or branch has acted in accordance with the fourth subparagraph of paragraph 2 of this Article. inform other Member States about its decision to supervise the assurance of sustainability reporting carried out by independent assurance services providers established in other Member States. (*27)Directive 2014/65/EU of the European Parliament and of the Council of 15May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJL173, 12.6.2014, p.349).;". The definition of the term sustainability matters in Directive 2013/34/EU as amended by this amending Directive should therefore cover environmental, social and human rights, and governance factors, and incorporate the definition of the term sustainability factors laid down in Regulation (EU) 2019/2088. Reported sustainability information should also take into account short-, medium- and long-term time horizons and contain information about the undertakings whole value chain, including its own operations, its products and services, its business relationships and its supply chain, as appropriate. Sustainability reporting standards should take account of the Guidelines on non-financial reporting and the Guidelines on reporting climate-related information. There is significant evidence that many undertakings do not disclose material information on all major sustainability-related topics, including climate-related information such as all GHG emissions, and factors that affect biodiversity. As regards statutory auditors, the public register shall contain at least the following information: if applicable, the name, address, website address and registration number of the audit firm(s) by which the statutory auditor is employed, or with whom he or she is associated as a partner or otherwise; whether the statutory auditor is also approved for carrying out the assurance of sustainability reporting; all other registration(s) as statutory auditor with the competent authorities of other Member States and as auditor with third countries, including the name(s) of the registration authority(ies), and, if applicable, the registration number(s), and an indication of whether the registration concerns the statutory audit, the assurance of sustainability reporting, or both.; in paragraph 2, the following subparagraph is added: The register shall indicate whether third-country auditors as referred to in the first subparagraph are registered for carrying out the statutory audit, the assurance of sustainability reporting, or both.; in paragraph 1, point (e) is replaced by the following: name and registration number of all statutory auditors employed by, or associated as partners or otherwise with, the audit firm, and an indication of whether they are also approved for carrying out the assurance of sustainability reporting;; in paragraph 1, point (i) is replaced by the following: all other registration(s) as audit firm with the competent authorities of other Member States and as audit entity with third countries, including the name(s) of the registration authority(ies), and, if applicable, the registration number(s), and an indication of whether the registration concerns the statutory audit, the assurance of sustainability reporting, or both.; The register shall indicate whether third-country audit entities as referred to in the first subparagraph are registered for carrying out the statutory audit, the assurance of sustainability reporting, or both.; 1. Member States shall ensure that, where an independent assurance services provider expresses the opinion referred to in point (aa) of the second subparagraph of paragraph 1 of this Article, that opinion is prepared in accordance with Articles 26a, 27a and28a of Directive 2006/43/EC and that, where applicable, the audit committee, or a dedicated committee, reviews and monitors the independence of the independent assurance services provider in accordance with point (e) of Article39(6) of Directive 2006/43/EC. 2. Nonetheless, certain information on intangible resources is intrinsic to sustainability matters, and should therefore be part of sustainability reporting. The coordination measures prescribed by Articles 40a to 40d shall also apply to the laws, regulations and administrative provisions of the Member States relating to subsidiary undertakings and branches of undertakings which are not governed by the law of a Member State but whose legal form is comparable with the types of undertakings listed in Annex I. That opinion should cover the compliance of the sustainability reporting with Union sustainability reporting standards, the process carried out by the undertaking to identify the information reported pursuant to the sustainability reporting standards and compliance with the requirement to mark up sustainability reporting. Sustainability reporting standards that address social factors should specify the information that undertakings should disclose with regard to the principles of the European Pillar of Social Rights that are relevant to businesses, including equal opportunities for all and working conditions. This is in line with other EU work on the digitalisation of reporting data, but may differ from the current reporting activities of many entities. If a Member State, pursuant to the first subparagraph, decides to allow an independent assurance services provider to express the opinion referred to in point (aa) of the second subparagraph of paragraph 1, it shall also allow a statutory auditor other than the one(s) carrying out the statutory audit of financial statements to do so, as provided for in paragraph 3.