1. Large undertakings, and small and medium-sized undertakings, except micro undertakings, which are public-interest entities as defined in point (a) of point (1) of Article 2 shall include in the management report information necessary to understand the undertaking's impacts on sustainability matters, and information necessary to understand how sustainability matters affect the undertaking's development, performance and position.

The information referred to in the first subparagraph shall be clearly identifiable within the management report, through a dedicated section of the management report.

2. The information referred to in paragraph 1 shall contain:

(a) a brief description of the undertaking's business model and strategy, including:

(i) the resilience of the undertaking's business model and strategy in relation to risks related to sustainability matters;

(ii) the opportunities for the undertaking related to sustainability matters;