ESRS Standard
ESRS Standard
Overarching Information on Policies and Actions
Overarching Information on Policies and Actions
60 This section sets out the Minimum Disclosure Requirements to be considered when the company discloses information about its policies and actions to prevent, mitigate and ameliorate actual or potential Material Impacts, manage Material Risks and/or take advantage of Material Opportunities (together "Managing Material Sustainability Aspects"). They apply together with the disclosure requirements, including the application requirements provided for in the respective topic-related and sector-specific ESRS. They also apply if the company prepares company-specific disclosures.
61 The relevant disclosures shall be provided in addition to the disclosures required by the relevant ESRS. Where a single Policy or the same Actions address multiple interrelated aspects of sustainability, the company may disclose the required information in its reporting under a single thematic ESRS and refer to it in its reporting under other thematic ESRSs.
62 If the company is unable to disclose the information on policies and actions required by the relevant ESRSs because it has not adopted policies and/or actions related to the relevant sustainability aspect, it shall disclose this and explain why it has not adopted policies and/or actions. The company may indicate a timeframe within which it intends to adopt the relevant policies or actions.
66 The company shall apply the disclosure content requirements in this provision when describing the actions it takes to manage each material sustainability aspect, including action plans and allocated and/or planned resources.
67 The objective of this Minimum Disclosure Requirement is to provide an understanding of the key actions taken or planned to prevent, mitigate and ameliorate actual and potential Impacts, to address Risks and Opportunities and, where appropriate, to achieve the objectives and Targets of related Policies.
68. if the implementation of a policy requires actions or a comprehensive action plan to achieve the targets, and if actions are implemented without a specific policy, the company discloses the following information:
(a) the list of key actions taken during the reporting year and planned for the future, their expected results and, where appropriate, how their implementation contributes to the achievement of the Policy's requirements and Targets,
b) a description of the scope of the main actions in terms of activities, the geography of the upstream and/or downstream Value chain and, where relevant, stakeholders affected,
c) the time horizons within which the company intends to complete each of the key actions,
d) Where applicable, the key actions (together with their outcomes) taken to provide remediation for those harmed by Impact materiality,
(e) where applicable, quantitative and qualitative information on progress on Actions or Action Plans reported in previous reporting periods.
69. if the implementation of an action plan requires significant operational expenditure (OpEx) and/or capital expenditure (CapEx), the company shall:
(a) describe the nature and current and future financial and other resources allocated to the action plan, including, where applicable, relevant terms and conditions for sustainable financial instruments such as green bonds, social bonds and green loans, environmental or social Targets, and whether the ability to implement the actions or action plan is contingent on specific conditions, such as the provision of financial support or policy and market developments,
b) state the amount of current financial resources and explain how these relate to the most relevant amounts disclosed in the financial statements; and
c) state the amount of future financial resources.
Application Requirements (AR)
Application Requirements (AR)
AR 22 The key actions in relation to this Minimum Disclosure Requirement are actions that contribute materially to the entity's objectives for managing Impact materiality, Risks and Opportunities. For reasons of clarity, the most important actions may be summarized where appropriate.
AR 23 Information about the allocation of resources can be presented in the form of a table and broken down by capital expenditure and operating expenditure and over the relevant time horizons, as well as for the resources used in the current reporting year and for the planned allocation of resources within certain time horizons.
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