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Delaware Division of
Corporations

Adoption of Transparency and Sustainability Standards



The Certification of Adoption of Transparency and Sustainability Standards Act (the “Act”)  establishes a voluntary disclosure regime to foster dialogue around sustainability and responsibility among participating Delaware business entities and their various stakeholders.

  • 5000E of the Act states: “The intent of this chapter is to support Delaware business entities in their global sustainability efforts. This chapter is enabling legislation that permits a Delaware entity to signal its commitment to global sustainability. This chapter does not purport to prescribe which sustainability standards an entity chooses to adopt. Thus, a Delaware entity is free to choose standards promulgated or developed by any entity.”

The Act is effective October 1, 2018.  The Division of Corporations will begin accepting filings pursuant to the Act on that date.  A sample filing form is available below.

To view a list of reporting entities click here.

 

Forms:

 

Statement of Adoption of Transparency and Sustainability Standards (Standards Statement)

 

Fees:

 

Statement of Adoption (Standards Statement): $200 + $50*

 

Renewal Statement: $200

 

Restoration Statement: $5,000

 

Certified Copy: $50 + $2 per page

 

Plain copy: $10 first page + $2 for each additional page

 

Issuance of Certificate of Adoption and Availability of Transparency and Sustainability Standards Reporting: $50

 

Issuance of other certificates (including certificate of non-reporting status):  $50

 

*A Certificate of Adoption and Availability of Transparency and Sustainability Standards Reporting is required to be issued at the time of filing

 

 



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