ESRS Standard
ESRS Standard
The company shall disclose how the interests and views of its stakeholders are taken into account in the company's strategy and business model.
Theobjective of this disclosure requirement is to provide an understanding of how the interests and views of Stakeholders influence the company's strategy and Business model.
The company provides a summarized description of the following points:
(a) Stakeholder engagement, including:
i. The company's key stakeholders,
ii. Whether there is any involvement and the categories of stakeholders involved,
iii. How it is organized,
iv. Its purpose, and
v. How the results are taken into account by the company,
b) The extent to which the company understands the interests and views of its key stakeholders in relation to its strategy and business model, to the extent that these have been analyzed as part of the company's due diligence process and/or materiality analysis (see disclosure requirement IRO-1 of this standard),
c) Where applicable, changes to its strategy and/or Business model, including:
i. How the company has changed or intends to change its strategy and/or business model to reflect the interests and views of its stakeholders,
ii. Further steps that are planned and the timeframe for doing so; and
iii. Whether these steps are expected to change the relationship with stakeholders and their views; and
d) Whether and how the Administrative, management and supervisory bodies are informed about the positions and interests of the affected stakeholders with regard to the sustainability-related impacts of the company.
Application Requirements (AR)
Application Requirements (AR)
AR 16 Stakeholders' views and interests expressed in the company's engagement with stakeholders in its due diligence process may be relevant to one or more aspects of its strategy or business model. As such, they may impact the company's decisions on the future direction of its strategy or business model.
Examples from past practice
Examples from past practice
Examples serve only as an indication of how a disclosure requirement has been reported by other companies to date. Audited ESRS reports are not yet available. There is no guarantee of accuracy and completeness.
SMB-1 - Stakeholder interests and views
The company maintains a proactive and transparent dialog with its various stakeholders. The most important stakeholder groups are Employees, Suppliers, Customers (especially car manufacturers), Financial partners (e.g. banks) and the public.
Engagement of the stakeholder groups
Employees:
Employees are the backbone of the company. Regular training and development programs as well as transparent communication ensure that their interests and needs are taken into account. Feedback is obtained through employee surveys and regular discussions. More on this under ESRS S1-2.
Suppliers:
Close cooperation with Suppliers is of great importance for ensuring the supply of materials. Interests and views are ensured through regular audits and clear procurement guidelines. In addition, Suppliers are informed about sustainability requirements and involved in order to minimize supply chain risks.
Customers:
As a supplier to the automotive industry, the company maintains close and continuous communication with its customers. The focus here is on the development of innovative solutions, the quality of the components supplied and compliance with time and cost targets. Customer feedback is therefore a central component of product development.
Financial partners (e.g. banks):
Banks and financial partners are consulted regularly to ensure the financial stability of the company. Transparent reporting on financial performance and strategic decisions is carried out on a quarterly basis.
Publicity:
The company engages with the public by supporting regional initiatives and charitable projects. As part of this commitment, environmentally and socially relevant aspects are also communicated and surveyed.
Consideration of stakeholder interests
The interests and views of stakeholders are systematically incorporated into strategic planning. In particular, the findings from the dialog with employees, customers and suppliers have an influence on the future direction of the business model and corporate strategy.
Aspects relevant to sustainability:
Close collaboration with customers drives innovation for more efficient and sustainable components.
Suppliers are actively supported and monitored with regard to compliance with sustainability criteria.
Employees benefit from targeted professional development and health promotion programs.
Passing on information to the company management
The views and interests of stakeholders on Sustainability matters are not yet communicated to the supervisory bodies. In the next reporting period, it is planned to regularly inform the supervisory bodies about stakeholder interests and their Impacts on the sustainability strategy. The CFO or the Head of Investor Relations and ESG will provide corresponding reports for this purpose.
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