ESRS Standard
ESRS Standard
1. the objective of this Standard is to establish disclosure requirements that enable Users of the Sustainability statement to understand Impact materialities on Consumers and End-users in the context of the company's own operations and value chain, including in the context of its products or services, and through its Business relationships and the associated Material risks and Opportunities, including:
(a) the company's impacts on Consumers and/or End-users of its products and/or services (in this Standard, "Consumers and End-users") in terms of material positive and negative actual or potential impacts,
b) Any actions taken to prevent, mitigate or ameliorate actual or potential negative Impacts and to manage Risks and Opportunities, and the results of these actions,
c) the nature, type and extent of the company's Material risks and opportunities associated with its Impacts or Dependencies in relation to Consumers and End-users, and how the company manages such risks and opportunities; and
d) the financial effects of the material risks and opportunities arising in the short, medium and long term from the company's Impacts and Dependencies in relation to Consumers and/or End-users.
2. to achieve the objective, this standard requires an explanation of the general approach that the entity takes to identify and address all material actual and potential impacts on Consumers and/or End-users in relation to its products and/or services:
(a) Information-related Impacts on Consumers and/or End-users (e.g. privacy, freedom of expression and access to (high quality) information),
b) Personal safety of Consumers and/or End-users (e.g. health and safety, personal security and protection of children),
c) Social inclusion of Consumers and/or End-users (e.g. non-discrimination, access to products and services and responsible marketing practices).
3 In addition, this standard requires an explanation of how such Impacts and the company's Dependencies on Consumers and/or End-users may create Material risks or Opportunities for the company. For example, negative impacts on the reputation of the entity's products and/or services may affect its business performance, while reliance on products and/or services may result in benefits to the entity, such as increased sales or an expansion of its future consumer base.
4 The unlawful use or misuse of the company's products and services by Consumers and End-users is not within the scope of this standard.
-> go to S4 - Interaction with other ESRSs
Application Requirements (AR)
Application Requirements (AR)
AR 1 The company may highlight specific aspects that are relevant for Impact materiality over a shorter period of time, e.g. initiatives related to the health and safety of Consumers and/or End-users in connection with the contamination of a product or a serious breach of privacy due to a massive data leak.
AR 2 The overview of social aspects and human rights issues in paragraph 2 does not imply that all of these aspects should be addressed in every disclosure requirement in this standard. Rather, it provides a list of aspects that the company should consider in its materiality analysisin relation to Consumers and/or End-users (see ESRS 1 Chapter 3 Double materiality as a basis for disclosing sustainability information and ESRS 2 IRO-1) and subsequently disclose as Material Impacts, Risks and Opportunities under this Standard.
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