ESRS Standard
ESRS Standard
1. the objective of this standard is to establish disclosure requirements that enable Users of the Sustainability statement to understand the following:
(a) the company's material positive and negative actual or potential impacts on water and Marine resources,
b) any actions taken to prevent or mitigate significant actual or potential negative impacts and to protect Water and Marine resources, and the results of these actions, including with respect to reducing Water consumption, and managing Risks and Opportunities,
(c) whether, how and to what extent the company contributes to the European Green Deal's Targets on fresh air, clean water, healthy Soil and biodiversity and to the sustainability of the Blue economy and fisheries sector, taking into account the following:
Directive 2000/60/EC of the European Parliament and of the Council(68) (EU Water Framework Directive),
Directive 2008/56/EC of the European Parliament and of the Council(69) (EU Marine Strategy Framework Directive),
Directive 2014/89/EC of the European Parliament and of the Council(70) (EU Maritime Spatial Planning Directive),
the Sustainable Development Targets (in particular Target 6 "Clean water and sanitation" and Target 14 "Life below water"),
as well as compliance with global environmental limits (e.g. biosphere integrity, ocean acidification, freshwater consumptionand biogeochemical fluxes within Planetary boundaries),
d) the company's plans and capabilities to adapt its strategy and business model in line with the promotion of sustainable water use based on long-term protection of available water resources; the protection of aquatic ecosystems and the restoration of Freshwater and marine habitats,
e) the nature, type and extent of the company's Material risks and opportunities arising from its Impacts and Dependencies related to water and Marine resources, and how the company manages these risks and opportunities; and
f) the financial effects of the material risks and opportunities arising from the entity's impacts and dependencies on water and Marine resources in the short, medium and long term.
2 This standard sets out disclosure requirements related to water and Marine resources. In this standard, the term "water" refers to surface water and Groundwater. The standard includes disclosure requirements related to Water consumption in the context of the company's activities, products and services, as well as related information on withdrawals and discharges of water.
3 The term "Marine resources" in this standard refers to the extraction and use of these resources and the associated economic activities.
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