ESRS Standard
ESRS Standard
30 The entity shall disclose its expected financial effects of material risks and opportunities related to water and Marine resources.
31 The information required by paragraph 30 supplements the disclosures required by ESRS 2 SBM-3 paragraph 48(d) about the current financial effects on the entity's financial position, financial performance and cash flows for the reporting period.
32 Targets of this disclosure requirement are to provide an understanding of the following:
(a) with respect to Anticipated financial effects from material risks due to Impacts and Dependencies related to Water and Marine resources, an understanding of how these risks have a material effect on the entity's financial position, results of operations and cash flows in the short, medium and long term (or whether such an effect is probable); and
b) Anticipated financial effects from material opportunities relating to water and Marine resources.
33 The disclosures include the following:
(a) A quantification of the Anticipated financial effects in monetary terms before considering Actions related to Water and Marine resources or, if this is not possible without undue cost or effort, qualitative information. Quantification of the financial effects arising from Opportunities is not required if such information does not meet the qualitative characteristics of information (as defined in Installation C Qualitative Characteristics of Information of ESRS 1),
b) a description of the financial effects considered, the related impacts and dependencies, and the time horizons within which they are likely to occur; and
c) the critical assumptions used to quantify the Anticipated financial effects and the sources and degree of uncertainty of those assumptions.
Application Requirements (AR)
Application Requirements (AR)
AR 33 The entity may provide an assessment of its related short-, medium- and long-term risky products and services, explaining how they are defined, how the financial amounts are estimated and what critical assumptions are used.
AR 34 The quantification of the Anticipated financial effects in monetary terms referred to in paragraph 33(a) may take the form of a single amount or a range.
Examples from past practice
Examples from past practice
Examples serve only as an indication of how a disclosure requirement has been disclosed by other companies to date. Audited ESRS reports are not yet available. There is no guarantee of accuracy and completeness.
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