FAR Link
FAQ Sustainability Reporting
Who is covered
Construction
Content
Council's responsibility for the report
Revisorns task
Miscellaneous Policy
Sustainability Report in Group
Publication .................................. ..................................................
Content
FAR | Box 6417 | 113 82 Stockholm | 08-506 112 00 | far.se
Who covers ....................................Construction
Content
Council's responsibility for the report
Revisorns task
Miscellaneous Policy
Sustainability Report in Group
Publication
For fiscal years beginning after 31 December 2016, larger companies will report sustainability reports m. This document constitutes FAR's interpretation of the new rules in ÅRL on sustainability reporting. The provisions are based on an amendment to the EU Accounting Directive (Directive 2014/95 / EU of the European Parliament and of the Council amending Directive 2013/34 / EU as regards the provision of non-financial information and information by certain large companies and groups on diversity policy). However, the Swedish legislator has chosen to go further and has allowed more companies to be governed by the EU's mini-micro requirements. A sustainability report, according to the new regulation, is a sustainability report that is necessary for understanding the company's development, position and results as well as the impact of its business. This information should include issues relating to the environment, social conditions, personnel, respect for human rights and anti-corruption. FQQ - Sustainability Reporting according to ÅRL Content
Whose covered?
1. Who will draw up a sustainability report in accordance with ÅRL? The new rules on sustainability reporting will be applied by larger companies. This means that for each of the last two fiscal years, more than one of the following criteria must be met: - the average number of employees must have exceeded 250, - the company's total assets must have exceeded SEK 175 million, - the company's net sales should have amounted to more than SEK 350 million. All companies, regardless of the form of association covered by ÅRL, ÅRKL and ÅRFL, who meet the above criteria, shall report sustainability.
2. Who will draw up a sustainability report for the Group? The following companies will draw up a sustainability report for the Group:
Parent Company shall establish a sustainability report for the Group if the Parent Company individually meets more than one of the above criteria.
If the parent company has issued shares or debentures admitted to trading on a regulated market, consolidated accounts with a sustainability report shall be prepared if the Group fulfills more than one of the above criteria.
If the parent company is covered by ÅRKL and ÅRFL (credit institutions, securities companies, insurance companies and financial holding companies), consolidated accounts with sustainability reports must be prepared if the Group fulfills more than one of the criteria above
3. Does the company's type of business have any significance for whether a sustainability report is to be established or not? In terms of size criteria, the company's operations are of importance to credit institutions, securities companies, insurance companies and financial holding companies. For these operations, as well as for listed companies, the size criteria for the Group are critical to when the sustainability report is to be established. In addition to this, the company's type of activity lacks significance regarding the requirements for establishing a sustainability report.
4. Are companies covered with no net sales of the rules, such as banking and insurance companies, and if so when?
In Chapter 6 Section 1, first paragraph, of the ÅRKL states that Chapter 6, 10-14 §§ ÅRL shall apply. In Chapter 6 Section 10 of the ÅRL sets three criteria. If more than one of these is met, the company will report sustainability. One of these criteria relates to net sales, but if a company without net sales complies with the other two criteria, sustainability reports. As regards the question whether interest income can be compared to net sales in the sense of the article, an opinion from FI must be expected.
5. What language should the sustainability report be prepared? If the sustainability report is part of the annual report, the report must be prepared in Swedish. If the report is a separate document, there are no language requirements. A company that is a subsidiary of a foreign parent company can thus credit its parent company's sustainability report even if it has been prepared in another language if it meets the requirements of ÅRL and there is a prerequisite for the subsidiary company according to the law to account for the parent company's sustainability report.6. Is a coherent sustainability report a requirement? It is not a requirement that the sustainability report constitutes a coherent document. It is the board that will issue a sustainability report. The Board is therefore responsible for defining the sustainability report. The definition of the sustainability report should thus be clearly stated in the management report.7. How comprehensive can at least be a sustainability report? What is required to meet the minimum level? As a minimum, the sustainability report shall cover the areas specified in Chapter 6. Section 12 of the ÅRL. It is not the extent of the report that is central. A sustainability report may consist of a relatively short document as long as the requirements are met (see paragraph 9 below).
45 As it is a "follow or explain" legislation, shell claims can be covered by explaining why a shell claim has not been reported.8. In addition to the rules in ÅRL, what are the rules for the preparation of the sustainability report? At present, there is no adopted binding regulatory framework in Sweden for the preparation of a sustainability report. Nor is there any recommendation in the preliminary work that says if the sustainability report should follow a certain regulatory framework. The most widely accepted framework is GRI (Global Reporting Initiative). Additional frameworks or standards are, for example, the UN Global Compact, ISO 26000, the United Nations Guiding Principles Reporting Framework Work, Integrated Reporting <IR> and others. The sustainability report may also contain references to the UN Global Objectives.
Innehåll9. What should the company report on? In accordance with Chapter 6, Section 12 of the ÅRL report, the sustainability report shall contain the sustainability information needed for the understanding of the company's development, position and results and the consequences of the operations. An assessment should be made based on what is considered essential for the company to report. The areas that the company will always report is environmental, social conditions, personnel, respect for human rights and corruption corruption. In the report, the company will describe its business model, policy documents in the areas, the results of these policies, significant risks in the areas and how these are handled, as well as key performance indicators relevant to the business. In order for the board to assess what the company should report The company involves its stakeholders in order to define materiality from a sustainability perspective. If any of the areas that the company is reporting is deemed to be not significant, the explanation for this should be reported. The preparatory work to the Act provides inter alia: The following examples of issues that can be reported under each area: • Environmental impact of the environment on the environment, ie. information on current and foreseeable consequences from the company's activities on the environment. Here, areas such as health and safety, land use, energy use, carbon dioxide emissions, water use and air pollution can be taken into consideration. • Social conditions and staff The company's work to secure social conditions and work with personnel-related issues. Here, the report can refer to measures taken to ensure equality, application of labor law protection (such as ILO, working environment regulations, etc.) and dialogue with the local community. • Respect for human rights. Information on measures to prevent human rights violations. Guidance can be downloaded in eg. UN framework for enterprise and human rights in which corporate duty to respect human rights is specified. • Corruption corruptionInformation of corruption measures within the company, both internal and external corruption. Guidance can be obtained from the Institute Against Mutor's Business Code and the UN Global Program Against Bribery and Corruption.
10. If a company has established a GRI re-view, does this automatically fulfill the legal requirement? A company may choose to comply with the legal requirement by setting up a GRI account. The company must then ensure that all disclosure requirements contained in ÅRL have been complied with. Thus, a GRI report does not automatically meet the legal requirement.
11. Are there any recommended indicators related to the environment, social conditions and staff, respect for human rights and anti-corruption? There are no recommended indicators related to the reporting areas. Companies may choose to use established accounting guidelines where reported indicators are reported. The sustainability report should clearly state which guidelines have been used.
12. Does the company have to report data in terms of numbers as a result? Or can the company do it only in text? Performance indicators can be presented both through quantitative and qualitative information. There is thus no general requirement for digit information.
13. In what way can performance indicators be redesigned? Should these not be the same as the GRI indicators the company has identified? Central performance indicators may, but must not, be digit information. There is no requirement for an account to be prepared according to GRI. There is also no requirement for reported performance indicators to coincide with the GRI indicators as reported. It is nevertheless natural that there is a coherence between the indicators when the company prepares a report according to GRI.
14. Applicable to comparability data for sustainability data? The law or the preparatory work for ÅRL does not show any requirements for the accounting of the comparative year. In sustainability reporting context, practice is to report the year's data including one or more comparative years.
15. How is the business model described in terms of sustainability aspects? The description of the business model may be short-lived. Sustainability information should at least address issues relating to the environment, social conditions, human rights, respect for human rights and anti-corruption. In these matters, the companies concerned should provide information about the business model, policy, the result of the policy and the risks associated with the company's operations. This could mean that the description of the business model is met by reporting DMA (Disclosures on Management approach) in the GRI re-presentation.
16. Should the company have a certain amount of key figures or is it sufficient for one per essential area? There are no minimum requirements regarding key ratios. However, the information should be sufficient to allow the reader to understand the company's development, position and results and the consequences of the activity.
17. Can the company determine which key figures they should report and must these be defined? Yes, the accounting should clearly state how key ratios have been defined. Key ratios should be consistent and comparable over the years. The Board's responsibility for the report
18. If the sustainability report is different from the annual report, what should the board write? The board, or the company's responsible management body, has a responsibility for the sustainability report regardless of format. However, there is no requirement for the board to sign the sustainability report if the sustainability report is different from the annual report.
19. If the board does not need to sign the sustainability report, how should the qualified accountant verify that the board has in fact taken responsibility for establishing the sustainability report? Responsibility for the work on sustainability issues forms part of the board's responsibility for the company's management. In accordance with ÅRL, the auditor's responsibility is limited to the statement that a sustainability report has been drawn up. A statement on the sustainability report presupposes that the board has handed the document. A foundation that supports this is, for example, a board decision (minutes from a board meeting) which states that the board has adopted the sustainability report. The auditor's task
20. Can a third party who is not a chairman of the meeting leave a statement on the sustainability report? It is the elected auditor who will give an opinion on whether the sustainability report has been prepared in accordance with ÅRL's opinion. This means that even if the company's sustainability report has been reviewed by a third party that is not the elected auditor, it can not leave an opinion as to whether the sustainability report in accordance with ÅRL.
21. What does the requirement require the auditor to comment on whether a report has been prepared or not? The Audit Report shall contain a statement as to whether or not a sustainability report has been prepared. The auditor is thus not required to review the content of the report. The report must however, be subject to review in such a way that the auditor can conclude that it in fact constitutes such a report as is prescribed by the Act. The report is called sustainability report is not enough. The sustainability report, like the corporate governance report, is thus exempted from the review requirement.
22. Should a sustainability report that has been prepared as a separate action separate from the management report have a separate opinion from the auditor that the sustainability report has been prepared? Yes, a sustainability report that has been prepared as a separate act separate from the management report must have a separate opinion from the auditor that the sustainability report has been prepared. Auditors' reports will be prepared.
23. Does the auditor need to decide if the areas the company has chosen to report are actually the most important? There is no requirement that the auditor should decide if the areas the company has chosen to report are actually the most significant. A basic requirement for reporting is that it should be accurate and balanced, and therefore it should not be overridden. It is the board, or the company's responsible management body, which is responsible for the preparation of the sustainability report and also the assessment of whether current information is to be omitted from the sustainability report. The assessment must be motivated. There is no requirement to include the motivation in the sustainability report.
24. How should the auditor comment on the sustainability report, what should the statement contain and where should it be? FAR will in 2017 in RevU 16 draw up a template for the statement. The statement from the auditor is treated in a manner similar to the auditor's statement regarding the corporate governance report. Diversity policy
25. According to ÅRL, what companies should report on diversity policy? Disclosures about diversity policy apply to listed companies that are also covered by the statutory requirements for sustainability reporting.
26. What is meant by a diversity policy for the board? Does it have to be a document called policy or can it be the method used for the election of Board members described? There are currently no detailed rules on diversity policy. There is thus no provision in the directive on which body to establish the policy document or how the policy is to be applied to, for example, election of board members. The corporate governance report shall contain information about the company's diversity policy regarding the composition of governing bodies, the policy objective, how it has been implemented and the outcome of the implementation.
27. What diversity policy is that to be reported in the sustainability report - is it a policy that concerns the board and / or the company in general? It is the policy that concerns the Board as the legal text refers to the Sustainability Report in Group
28. If the Group prepares a separate sustainability report from the consolidated accounts, can the company assume that the sustainability report comprises the same group company as the consolidated accounts? The sustainability report will clearly state which group companies are included. It can not be assumed that the Group's sustainability report covers the same group companies as the Group's annual report. A subgroup may choose to refer to a sustainability report prepared by the parent company for the entire Group. In these cases, all subsidiaries in the subgroup should be included in order for the sustainability report to be considered to meet the sustainability report requirements. If any or all subsidiaries have been excluded, it must be clearly stated in the report which subsidiaries have been excluded and the reason for this.
29. If a foreign parent company establishes a sustainability report, must a Swedish subsidiary establish a sustainability report? No, provided that the Parent Company's sustainability report complies with the requirements for content and publication in Chapter 6. Section 10 of the ÅRL. This applies irrespective of whether the parent company has its registered office in the EU or outside the EU / EEA. The non-sustainability report must disclose this in a note to the annual report and provide details of the name, organization or social security number and seat of the parent parent company establishes the sustainability report for the group.
30. Can a subsidiary refer to a Group Sustainability Report that has not yet been submitted? No, the sustainability report in the Group is to be delivered at the same time as the relevant subsidiary submits its annual report in order for the auditor to assess whether it has been delivered or not. Disclosure
31. When will the sustainability report be published? When the company chooses to draw up a sustainability report separate from the annual report, the report will be published, either in conjunction with the management report or on the company's website. A mere reference to the page where the report is available will be shown in the management report so that the information is easily found. The latter shall occur within six months from the balance sheet date and a reference This will be done in the management report. In practice, it excludes publication on the web site later than the day the annual report is published.
32. Where and how should the report be published? If the report is part of the management report, it will be published together with the annual report. If the sustainability report has been prepared separately from the annual report, this must be stated in the management report Box 6417 | 113 82 Stockholm | 08-506 112 00 | far.se
There is no requirement that the sustainability report be submitted to the Swedish Companies Registration Office, provided that it has been published on the company's website and that a reference to the website is contained in the management report. The sustainability report is considered to be published as the report has been published on the website.
An Analysis of the Most Adopted Rating... (PDF Download Available). Available from: https://www.researchgate.net/publication/318417697_An_Analysis_of_the_Most_Adopted_Rating_Systems_for_Assessing_the_Environmental_Impact_of_Buildings [accessed May 04 2018].
FAQ Sustainability Reporting
Who is covered
Construction
Content
Council's responsibility for the report
Revisorns task
Miscellaneous Policy
Sustainability Report in Group
Publication .................................. ..................................................
Content
FAR | Box 6417 | 113 82 Stockholm | 08-506 112 00 | far.se
Who covers ....................................Construction
Content
Council's responsibility for the report
Revisorns task
Miscellaneous Policy
Sustainability Report in Group
Publication
For fiscal years beginning after 31 December 2016, larger companies will report sustainability reports m. This document constitutes FAR's interpretation of the new rules in ÅRL on sustainability reporting. The provisions are based on an amendment to the EU Accounting Directive (Directive 2014/95 / EU of the European Parliament and of the Council amending Directive 2013/34 / EU as regards the provision of non-financial information and information by certain large companies and groups on diversity policy). However, the Swedish legislator has chosen to go further and has allowed more companies to be governed by the EU's mini-micro requirements. A sustainability report, according to the new regulation, is a sustainability report that is necessary for understanding the company's development, position and results as well as the impact of its business. This information should include issues relating to the environment, social conditions, personnel, respect for human rights and anti-corruption. FQQ - Sustainability Reporting according to ÅRL Content
Whose covered?
1. Who will draw up a sustainability report in accordance with ÅRL? The new rules on sustainability reporting will be applied by larger companies. This means that for each of the last two fiscal years, more than one of the following criteria must be met: - the average number of employees must have exceeded 250, - the company's total assets must have exceeded SEK 175 million, - the company's net sales should have amounted to more than SEK 350 million. All companies, regardless of the form of association covered by ÅRL, ÅRKL and ÅRFL, who meet the above criteria, shall report sustainability.
2. Who will draw up a sustainability report for the Group? The following companies will draw up a sustainability report for the Group:
Parent Company shall establish a sustainability report for the Group if the Parent Company individually meets more than one of the above criteria.
If the parent company has issued shares or debentures admitted to trading on a regulated market, consolidated accounts with a sustainability report shall be prepared if the Group fulfills more than one of the above criteria.
If the parent company is covered by ÅRKL and ÅRFL (credit institutions, securities companies, insurance companies and financial holding companies), consolidated accounts with sustainability reports must be prepared if the Group fulfills more than one of the criteria above
3. Does the company's type of business have any significance for whether a sustainability report is to be established or not? In terms of size criteria, the company's operations are of importance to credit institutions, securities companies, insurance companies and financial holding companies. For these operations, as well as for listed companies, the size criteria for the Group are critical to when the sustainability report is to be established. In addition to this, the company's type of activity lacks significance regarding the requirements for establishing a sustainability report.
4. Are companies covered with no net sales of the rules, such as banking and insurance companies, and if so when?
In Chapter 6 Section 1, first paragraph, of the ÅRKL states that Chapter 6, 10-14 §§ ÅRL shall apply. In Chapter 6 Section 10 of the ÅRL sets three criteria. If more than one of these is met, the company will report sustainability. One of these criteria relates to net sales, but if a company without net sales complies with the other two criteria, sustainability reports. As regards the question whether interest income can be compared to net sales in the sense of the article, an opinion from FI must be expected.
5. What language should the sustainability report be prepared? If the sustainability report is part of the annual report, the report must be prepared in Swedish. If the report is a separate document, there are no language requirements. A company that is a subsidiary of a foreign parent company can thus credit its parent company's sustainability report even if it has been prepared in another language if it meets the requirements of ÅRL and there is a prerequisite for the subsidiary company according to the law to account for the parent company's sustainability report.6. Is a coherent sustainability report a requirement? It is not a requirement that the sustainability report constitutes a coherent document. It is the board that will issue a sustainability report. The Board is therefore responsible for defining the sustainability report. The definition of the sustainability report should thus be clearly stated in the management report.7. How comprehensive can at least be a sustainability report? What is required to meet the minimum level? As a minimum, the sustainability report shall cover the areas specified in Chapter 6. Section 12 of the ÅRL. It is not the extent of the report that is central. A sustainability report may consist of a relatively short document as long as the requirements are met (see paragraph 9 below).
45 As it is a "follow or explain" legislation, shell claims can be covered by explaining why a shell claim has not been reported.8. In addition to the rules in ÅRL, what are the rules for the preparation of the sustainability report? At present, there is no adopted binding regulatory framework in Sweden for the preparation of a sustainability report. Nor is there any recommendation in the preliminary work that says if the sustainability report should follow a certain regulatory framework. The most widely accepted framework is GRI (Global Reporting Initiative). Additional frameworks or standards are, for example, the UN Global Compact, ISO 26000, the United Nations Guiding Principles Reporting Framework Work, Integrated Reporting <IR> and others. The sustainability report may also contain references to the UN Global Objectives.
Innehåll9. What should the company report on? In accordance with Chapter 6, Section 12 of the ÅRL report, the sustainability report shall contain the sustainability information needed for the understanding of the company's development, position and results and the consequences of the operations. An assessment should be made based on what is considered essential for the company to report. The areas that the company will always report is environmental, social conditions, personnel, respect for human rights and corruption corruption. In the report, the company will describe its business model, policy documents in the areas, the results of these policies, significant risks in the areas and how these are handled, as well as key performance indicators relevant to the business. In order for the board to assess what the company should report The company involves its stakeholders in order to define materiality from a sustainability perspective. If any of the areas that the company is reporting is deemed to be not significant, the explanation for this should be reported. The preparatory work to the Act provides inter alia: The following examples of issues that can be reported under each area: • Environmental impact of the environment on the environment, ie. information on current and foreseeable consequences from the company's activities on the environment. Here, areas such as health and safety, land use, energy use, carbon dioxide emissions, water use and air pollution can be taken into consideration. • Social conditions and staff The company's work to secure social conditions and work with personnel-related issues. Here, the report can refer to measures taken to ensure equality, application of labor law protection (such as ILO, working environment regulations, etc.) and dialogue with the local community. • Respect for human rights. Information on measures to prevent human rights violations. Guidance can be downloaded in eg. UN framework for enterprise and human rights in which corporate duty to respect human rights is specified. • Corruption corruptionInformation of corruption measures within the company, both internal and external corruption. Guidance can be obtained from the Institute Against Mutor's Business Code and the UN Global Program Against Bribery and Corruption.
10. If a company has established a GRI re-view, does this automatically fulfill the legal requirement? A company may choose to comply with the legal requirement by setting up a GRI account. The company must then ensure that all disclosure requirements contained in ÅRL have been complied with. Thus, a GRI report does not automatically meet the legal requirement.
11. Are there any recommended indicators related to the environment, social conditions and staff, respect for human rights and anti-corruption? There are no recommended indicators related to the reporting areas. Companies may choose to use established accounting guidelines where reported indicators are reported. The sustainability report should clearly state which guidelines have been used.
12. Does the company have to report data in terms of numbers as a result? Or can the company do it only in text? Performance indicators can be presented both through quantitative and qualitative information. There is thus no general requirement for digit information.
13. In what way can performance indicators be redesigned? Should these not be the same as the GRI indicators the company has identified? Central performance indicators may, but must not, be digit information. There is no requirement for an account to be prepared according to GRI. There is also no requirement for reported performance indicators to coincide with the GRI indicators as reported. It is nevertheless natural that there is a coherence between the indicators when the company prepares a report according to GRI.
14. Applicable to comparability data for sustainability data? The law or the preparatory work for ÅRL does not show any requirements for the accounting of the comparative year. In sustainability reporting context, practice is to report the year's data including one or more comparative years.
15. How is the business model described in terms of sustainability aspects? The description of the business model may be short-lived. Sustainability information should at least address issues relating to the environment, social conditions, human rights, respect for human rights and anti-corruption. In these matters, the companies concerned should provide information about the business model, policy, the result of the policy and the risks associated with the company's operations. This could mean that the description of the business model is met by reporting DMA (Disclosures on Management approach) in the GRI re-presentation.
16. Should the company have a certain amount of key figures or is it sufficient for one per essential area? There are no minimum requirements regarding key ratios. However, the information should be sufficient to allow the reader to understand the company's development, position and results and the consequences of the activity.
17. Can the company determine which key figures they should report and must these be defined? Yes, the accounting should clearly state how key ratios have been defined. Key ratios should be consistent and comparable over the years. The Board's responsibility for the report
18. If the sustainability report is different from the annual report, what should the board write? The board, or the company's responsible management body, has a responsibility for the sustainability report regardless of format. However, there is no requirement for the board to sign the sustainability report if the sustainability report is different from the annual report.
19. If the board does not need to sign the sustainability report, how should the qualified accountant verify that the board has in fact taken responsibility for establishing the sustainability report? Responsibility for the work on sustainability issues forms part of the board's responsibility for the company's management. In accordance with ÅRL, the auditor's responsibility is limited to the statement that a sustainability report has been drawn up. A statement on the sustainability report presupposes that the board has handed the document. A foundation that supports this is, for example, a board decision (minutes from a board meeting) which states that the board has adopted the sustainability report. The auditor's task
20. Can a third party who is not a chairman of the meeting leave a statement on the sustainability report? It is the elected auditor who will give an opinion on whether the sustainability report has been prepared in accordance with ÅRL's opinion. This means that even if the company's sustainability report has been reviewed by a third party that is not the elected auditor, it can not leave an opinion as to whether the sustainability report in accordance with ÅRL.
21. What does the requirement require the auditor to comment on whether a report has been prepared or not? The Audit Report shall contain a statement as to whether or not a sustainability report has been prepared. The auditor is thus not required to review the content of the report. The report must however, be subject to review in such a way that the auditor can conclude that it in fact constitutes such a report as is prescribed by the Act. The report is called sustainability report is not enough. The sustainability report, like the corporate governance report, is thus exempted from the review requirement.
22. Should a sustainability report that has been prepared as a separate action separate from the management report have a separate opinion from the auditor that the sustainability report has been prepared? Yes, a sustainability report that has been prepared as a separate act separate from the management report must have a separate opinion from the auditor that the sustainability report has been prepared. Auditors' reports will be prepared.
23. Does the auditor need to decide if the areas the company has chosen to report are actually the most important? There is no requirement that the auditor should decide if the areas the company has chosen to report are actually the most significant. A basic requirement for reporting is that it should be accurate and balanced, and therefore it should not be overridden. It is the board, or the company's responsible management body, which is responsible for the preparation of the sustainability report and also the assessment of whether current information is to be omitted from the sustainability report. The assessment must be motivated. There is no requirement to include the motivation in the sustainability report.
24. How should the auditor comment on the sustainability report, what should the statement contain and where should it be? FAR will in 2017 in RevU 16 draw up a template for the statement. The statement from the auditor is treated in a manner similar to the auditor's statement regarding the corporate governance report. Diversity policy
25. According to ÅRL, what companies should report on diversity policy? Disclosures about diversity policy apply to listed companies that are also covered by the statutory requirements for sustainability reporting.
26. What is meant by a diversity policy for the board? Does it have to be a document called policy or can it be the method used for the election of Board members described? There are currently no detailed rules on diversity policy. There is thus no provision in the directive on which body to establish the policy document or how the policy is to be applied to, for example, election of board members. The corporate governance report shall contain information about the company's diversity policy regarding the composition of governing bodies, the policy objective, how it has been implemented and the outcome of the implementation.
27. What diversity policy is that to be reported in the sustainability report - is it a policy that concerns the board and / or the company in general? It is the policy that concerns the Board as the legal text refers to the Sustainability Report in Group
28. If the Group prepares a separate sustainability report from the consolidated accounts, can the company assume that the sustainability report comprises the same group company as the consolidated accounts? The sustainability report will clearly state which group companies are included. It can not be assumed that the Group's sustainability report covers the same group companies as the Group's annual report. A subgroup may choose to refer to a sustainability report prepared by the parent company for the entire Group. In these cases, all subsidiaries in the subgroup should be included in order for the sustainability report to be considered to meet the sustainability report requirements. If any or all subsidiaries have been excluded, it must be clearly stated in the report which subsidiaries have been excluded and the reason for this.
29. If a foreign parent company establishes a sustainability report, must a Swedish subsidiary establish a sustainability report? No, provided that the Parent Company's sustainability report complies with the requirements for content and publication in Chapter 6. Section 10 of the ÅRL. This applies irrespective of whether the parent company has its registered office in the EU or outside the EU / EEA. The non-sustainability report must disclose this in a note to the annual report and provide details of the name, organization or social security number and seat of the parent parent company establishes the sustainability report for the group.
30. Can a subsidiary refer to a Group Sustainability Report that has not yet been submitted? No, the sustainability report in the Group is to be delivered at the same time as the relevant subsidiary submits its annual report in order for the auditor to assess whether it has been delivered or not. Disclosure
31. When will the sustainability report be published? When the company chooses to draw up a sustainability report separate from the annual report, the report will be published, either in conjunction with the management report or on the company's website. A mere reference to the page where the report is available will be shown in the management report so that the information is easily found. The latter shall occur within six months from the balance sheet date and a reference This will be done in the management report. In practice, it excludes publication on the web site later than the day the annual report is published.
32. Where and how should the report be published? If the report is part of the management report, it will be published together with the annual report. If the sustainability report has been prepared separately from the annual report, this must be stated in the management report Box 6417 | 113 82 Stockholm | 08-506 112 00 | far.se
There is no requirement that the sustainability report be submitted to the Swedish Companies Registration Office, provided that it has been published on the company's website and that a reference to the website is contained in the management report. The sustainability report is considered to be published as the report has been published on the website.
The first analysis aims at contrasting the selected six rating systems for assessing the
environmental impact of buildings with respect to the type of intervention (Table 10). While BREEAM, CASBEE, DGNB, HQE™, and LEED® have dedicated subschemes or modules to cover all the four
types of intervention, the SBTool does not provide assessment tools for building refurbishment and
urban planning.
Table 10. Type of intervention covered by the selected schemes.
Rating System New Buildings Existing Buildings Buildings under Refurbishment Urban Planning Projects
BREEAM • • • •
CASBEE • • • •
DGNB • • • •
HQE™ • • • •
LEED®• • • •
SBTool • •
Rating schemes can be used to certify the environmental performances of different types of
buildings, such as residential, office, commercial, industrial, and educational buildings, and all other
buildings that do not fit into any of these building types are grouped in the field called Other types of
buildings. It can be seen in Table 11 that BREEAM, CASBEE, DGNB, and HQE
TM
can be used with all
building types. LEED
® and SBTool do not include industrial buildings in their evaluation. Regarding
the life cycle phase of a building, BREEAM, CASBEE, DGNB, and HQE
TM cover all the four considered life cycle phases of a building.
LEED® does not evaluate predesign or design, and the SBTool does not
cover the use/maintenance phase.
Table 11. Building type assessed by the selected schemes.
Rating
System
Residential
Buildings
Office
Buildings
Commercial
Buildings
Industrial
Buildings
Educational
Buildings
Other Type of
Buildings
Urban
Planning
BREEAM ••••• ••
CASBEE ••••• ••
DGNB ••••• ••
HQE™ ••••• ••
LEED®•••N/A • • •
SBTool •••N/A •N/A N/A
Table 12. Life cycle phase of the building assessed by the selected schemes.
Rating System Predesign and Design Construction Post-Construction Use/Maintenance
BREEAM • • • •
CASBEE • • • •
DGNB • • • •
HQE™ • • • •
LEED®N/A • • •
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An Analysis of the Most Adopted Rating... (PDF Download Available). Available from: https://www.researchgate.net/publication/318417697_An_Analysis_of_the_Most_Adopted_Rating_Systems_for_Assessing_the_Environmental_Impact_of_Buildings [accessed May 04 2018].
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