ESRS Standard
ESRS Standard
3. The objective of this DR is to enable an understanding of the basis for preparation of the sustainability statement, including the disclosures required by ESRS 1 General Requirements in specific circumstances.
4. The undertaking shall disclose:
(a) whether the sustainability statement has been prepared on a consolidated or individual basis and in case the reporting boundary of the undertaking's own operations differs from the one adopted in the consolidated financial statements, a description of and the reasons for this difference; and
(b) an overview of the extent to which the sustainability statement covers the undertaking's upstream and downstream value chain.
5. The undertaking shall state that its sustainability statement has been prepared in accordance with ESRS as applicable at the end of the reporting period.
6. The undertaking shall disclose any relief, option or other specific provision prescribed in ESRS 1 General Requirements that it applies, together with the related required information.
Application Requirements (AR)
Application Requirements (AR)
AR 1 for para. 4(a)
Differences from the reporting boundary used in the consolidated financial statements may arise when a subsidiary is excluded from consolidation because it is financially non-material (ESRS 1 General Requirements, paragraph 62).
AR 2 for para. 6
Reliefs, options or other specific provisions to be considered are the following:
(a) relief for acquisitions and disposals (ESRS 1 General Requirements, paragraphs 74 and 75);
(b) deviation from pre-defined time horizons (ESRS 1 General Requirements, paragraph 81);
(c) changes in preparation or presentation of sustainability information (ESRS 1 General Requirements, paragraphs 84 and 85);
(d) adjustments to comparative information (ESRS 1 General Requirements, paragraph 87 (a) and (c));
(e) application of material judgement and information subject to significant uncertainties (ESRS 1 General Requirements, paragraph 89);
(f) omission of certain information in the cases referred to in ESRS 1 General Requirements, paragraph 100);
(g) relief to exclude from the calculation of a metric activities that are not significant drivers of impacts, risks or opportunities (ESRS 1 General Requirements, paragraph 90);
(h) relief to report a partial reporting boundary for a metric due to lack of reliable data (ESRS 1 General Requirements, paragraph 91);
(i) relief to exclude joint operations from environmental metrics (ESRS 1 General Requirements, paragraph 92);
(j) significant limitations affecting the reported information under the undue cost or effort provision for specific datapoints (ESRS 1 General Requirements, Chapter 7.4);
(k) update of disclosures for events after the end of the reporting period (ESRS 1 General Requirements, paragraphs 96 and 97);
(l) reporting errors in prior periods (ESRS 1 General Requirements, paragraphs 98 and 99).
The undertaking may present the information required under paragraph 6 in the General Information section of its sustainability statement or alongside the relevant disclosures to which the information pertains.
This article has been machine translated. In case of errors, please contact [email protected].