The non-financial and sustainability information statement must contain the climate-related financial disclosures of the company.
If the company is of a kind described in section 414CA(1)(a), (b), (c) or (d), the non-financial and sustainability information statement must contain information, to the extent necessary for an understanding of the company's development, performance and position and the impact of its activity, relating to, as a minimum—
The information required by subsection (1) must include—
In this section, "climate-related financial disclosures" mean—
In subsection (2)(e), "key performance indicators" means factors by reference to which the development, performance or position of the company's business, or the impact of the company's activity, can be measured effectively.
If the company does not pursue policies in relation to one or more of the matters mentioned in subsection (1)(a) to (e), the statement must provide a clear and reasoned explanation for the company's not doing so.
Where the directors of a company reasonably believe that, having regard to the nature of the company's business, and the manner in which it is carried on, the whole or a part of a climate-related financial disclosure required by subsection (2A)(e), (f), (g) or (h) is not necessary for an understanding of the company's business, the directors may omit the whole or (as the case requires) the relevant part of that climate-related financial disclosure.
Where the directors omit the whole or part of a climate-related financial disclosure in reliance on subsection (4A)the non-financial and sustainability information statement must provide a clear and reasoned explanation of the directors' reasonable belief mentioned in that subsection.
The statement must, where appropriate, include references to, and additional explanations of, amounts included in the company's annual accounts.
If information required by subsections (1) to (5) to be included in the statement is published by the company by means of a national, EU-based or international reporting framework, the statement must specify the framework or frameworks used, instead of including that information.
If a non-financial and sustainability information statement complies with subsections (1) to (6), the strategic report of which it is part is to be treated as complying with the requirements in—
In relation to a group non-financial and sustainability information statement, this section has effect as if the references to the company were references to the undertakings included in the consolidation.
Nothing in this section requires the disclosure of information about impending developments or matters in the course of negotiation if the disclosure would, in the opinion of the directors, be seriously prejudicial to the commercial interests of the company, provided that the non-disclosure does not prevent a fair and balanced understanding of the company's development, performance or position or the impact of the company's activity.
The Secretary of State may issue guidance on the climate-related financial disclosures, which are described in subsection (2A), and otherwise in connection with the requirements of this section and section 414CA.