ESRS Standard
ESRS Standard
The term"Policy" is synonymous with the term"Policy", which is used within the German version of the ESRS Standard.
39. the entity shall disclose the time-bound and outcome-oriented Targets it may have set in relation to the following:
(a) Reducing negative impacts on Affected Communities; and/or
b) Promoting positive impacts on Affected Communities; and/or
c) Managing Material risks and opportunities associated with Affected Communities.
40. the objective of this disclosure requirement is to provide an understanding of the extent to which the company uses time-bound and outcome-oriented Targets to drive and measure its progress in addressing its material negative impacts and/or in promoting positive impacts on affected communities and/or in managing Material risks and Opportunities associated with affected communities.
41 The summary description of Targets for managing Impact materiality, Risks and Opportunities related to Affected Communities includes the information requirements set out in ESRS 2 MDR-T .
42. the company shall indicate the process used to establish the Targets, including information on whether and to what extent the company has engaged directly with Affected Communities, their Legitimate representatives or Credible proxies who have insight into their situation in the following areas:
(a) Establishing these Targets,
b) Tracking the company's performance in relation to the achievement of these Targets; and
c) identifying insights or opportunities for improvement arising from the organization's performance.
Application Requirements (AR)
Application Requirements (AR)
AR 44. when disclosing information about Targets in accordance with paragraph 39, the entity may disclose the following:
(a) the intended outcomes in terms of the lives of Affected Communities (as specific as possible),
b) the long-term stability of Targets in terms of definitions and methodologies to enable comparability over time,
c) the standards or commitments on which the Targets are based (e.g. codes of conduct, procurement policies, global frameworks or industry codes).
AR 45 Targets related to Material risks and Opportunities may be the same as, or different from, targets related to Impact materiality. For example, a target to fully restore the livelihoods of affected communities following resettlement could reduce both Impacts on those communities and associated Risks to the company, such as community protests.
AR 46 The entity may also distinguish between short-, medium- and long-term Targets for the same commitment made under the Policy. For example, the entity may have a primary objective to employ members of a community at a local mining site, where the long-term objective is to add 100% of the workforce by 2025, and the short-term objective is to add x percent of the local workforce annually by 2025.
AR 47 When amending or replacing a Targets during the reporting period, the entity may clarify this by referring to significant changes in the business model or broader changes in the accepted standard or regulatory framework from which the Targets are derived to provide background information in accordance with ESRS 2 BP-2 Disclosures in the context of specific circumstances.
Examples from past practice
Examples from past practice
Examples are provided only as an indication of how a disclosure requirement has been disclosed by other entities. Audited ESRS reports are not yet available. There is no guarantee of accuracy and completeness.
S3-5 - Targets of social responsibility
We assume social responsibility by supporting affected communities through the promotion of educational programs and training initiatives both within and outside the formal education system. Since 2019, we have reached almost 200,000 people. Our goal is to support a total of 500,000 people through education and capacity-building measures.
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