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 organization's material positive and negative actual or potential impacts, including resource efficiency, avoidance of depletion of non-renewable resources, and sustainable sourcing and use of renewable resources (referred to in this Standard as "Resource Use and Circular Economy"),
b) Any actions (and the results of those actions) taken to prevent or mitigate actual or potential negative impacts related to resource use, including actions to decouple economic growth from the use of materials, and to manage Risks and Opportunities,
c) the company's plans and capacity to align its strategy and business model with Circular economy principles, including in relation to minimizing Waste, preserving the highest possible value of products, materials and other resources, and improving their efficient use in production and consumption,
d) the nature, type and extent of the company's material risks and opportunities associated with its Impacts and Dependencies in relation to resource use and the Circular economy, and how the company manages them; and
e) the financial effects of the material risks and opportunities arising in the short, medium and long term from the company's impacts and dependencies relating to resource use and the Circular economy.
2. this standard contains disclosure requirements in connection with "Resource use" and "Circular economy", in particular in relation to:
(a) Resource inflows, including the circularity of material resource inflows, taking into account renewable and non-renewable resources; and
b) Resource outflows, including information on products and materials, and
c) Waste.
3. the term "Circular economy" means an economic system in which the value of products, materials and other resources in the economy is maintained for as long as possible and their efficient use in production and consumption is improved, thereby reducing the impacts of their use on the environment and minimizing the generation of waste and the release of hazardous substances at all stages of their life cycle, including through the application of the Waste hierarchy. The aim is to maximize and preserve the value of technical and biological resources, products and materials by creating a system that enables durability, optimal use or reuse, reprocessing, remanufacturing, recycling and nutrient cycling.
(4) This standard builds on the relevant EU legal frameworks and policies, including the EU Circular Economy Action Plan, Directive 2008/98/EC of the European Parliament and of the Council (90) (Waste Framework Directive) and the EU Industrial Strategy.
5. to assess the transition from a business-as-usual Scenario, i.e. an economy in which finite resources are extracted to produce products that are used and then discarded (linear production), to a circular economy system, this standard is based on the identification of the physical flows of resources, materials and products used and generated by the organization in accordance with disclosure requirement E5-4 Resource inflows and disclosure requirement E5-5 Resource outflows.
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