ESRS Standard
ESRS Standard
1. The objective of this Standard is to set out Disclosure Requirements (DRs) related to business conduct, particularly with respect to the sub-topics specified in paragraph 5 of this Standard. If not all the subtopics prescribed by this Standard are to be reported following the materiality assessment, paragraph 30 of ESRS 1 General Requirements applies.
2. The sustainability statement shall provide information in relation to ESRS G1 Business Conduct if this topic relates to material impacts, risks and opportunities. Such information shall cover the reporting areas listed in paragraph 5 of ESRS 1 General Requirements.
3. The DRs in this Standard complement the provisions in ESRS 2 General Disclosures, which require the undertaking to disclose information about topics related to material impacts, risks and opportunities, in particular:
(a) ESRS 2 SBM 3 Interaction of material impacts risks and opportunities with strategy and business model, and financial effects; and
(b) ESRS 2 IRO 2 Material impacts, risks and opportunities and disclosure requirements included in the sustainability statement.
4. In this Standard, each DR is introduced by a disclosure objective, except for policies, actions and targets, for which the provisions in ESRS 2 GDR-P, GDR-A and GDR-T provide the necessary framing for the relevant disclosures.
5. This Standard sets out DRs with respect to the following sub-topics:
(a) corporate culture, including anti-corruption and anti-bribery, the protection of whistleblowers and animal welfare;
(b) the management of relationships with suppliers, including payment practices, especially late payment to small and medium-sized undertakings (SMEs); and
(c) political influence, including lobbying activities.
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