ESRS Standard
ESRS Standard
ESRS 2 - General Disclosures
ESRS 2 - General Disclosures
4 The disclosures required in this section should be read in conjunction with, and reported alongside, the disclosures required by ESRS 2 on Governance (GOV), Strategy (SBM) and Management of Impacts, Risks and Opportunities (IRO).
5. in disclosing information about the role of Administrative, management and supervisory bodies , the entity covers the following aspects:
(a) the role of the Administrative, management and supervisory bodies in relation to corporate governance; and
b) the expertise of the Administrative, management and supervisory bodies in relation to aspects of corporate governance.
Examples from past practice
Examples from past practice
Examples serve only as an indication of how a disclosure requirement has been stated by other companies to date. Audited ESRS reports are not yet available. There is no guarantee of accuracy and completeness.
G1.GOV-1 - The role of Administrative, management and supervisory bodies
Supervisory Board
The Supervisory Board monitors the company's strategic direction and risk management, with sustainability issues playing a central role. The Executive Board informs the Supervisory Board regularly, usually on a quarterly basis, about the sustainability strategy, progress made, material impacts and risks and opportunities. The Supervisory Board also reviews and approves the annual sustainability report.
Thanks to its extensive industry experience, the Supervisory Board has in-depth knowledge in relevant ESG areas. These include, in particular, the decarbonization of transport solutions, health and safety standards, diversity and responsible corporate governance and business practices.
Audit Committee
The Audit Committee oversees the Enterprise Risk Management (ERM) process, which integrates the strategic management of ESG Risks and Opportunities. Climate-related and sustainability-related Risks are firmly anchored in both the annual ERM process and the overarching risk management system. The ERM Committee coordinates the ERM process, develops risk strategies and reports regularly to the Audit Committee.
Executive Board
The Executive Board is responsible for developing and implementing the company's sustainability strategy. It sets sustainability targets, monitors their implementation and ensures that guidelines and processes for minimizing Material risks and taking advantage of Opportunities are adhered to. It is made up of the company management, operational and commercial management and the financial management. The CFO, who is also a member of the Sustainability Board, is responsible for the operational implementation of the ESG strategy.
Sustainability Board
The Sustainability Board, headed by the Chief Financial Officer, coordinates the strategic direction of the sustainability goals and monitors the management of relevant Risks and Opportunities. Monthly reports to the Executive Board ensure continuous monitoring and control.
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