Reporting on the cross-cutting standards, as well as ESRS E1 "Climate Change" and ESRS S1 "Own Workforce," is mandatory for all companies. All other standards must be reported if they are considered relevant to the company.
The ESRS basically covers the following topics:
Sustainability policy
Companies must outline specific policies regarding a range of sustainability issues – environmental protection, treatment of employees, corporate and company diversity, social responsibility, human rights, anti-corruption and anti-bribery – and describe the company's internal procedures for monitoring and enforcing these policies.
Sustainability goals
Companies must develop and report on their sustainability targets, progress towards achieving their targets and how these targets align with a transition to a sustainable economy in general and with achieving net-zero emissions by 2050 in particular (as stipulated by existing EU legislation).
Value and supply chains
Companies must disclose their process for identifying the social and environmental impacts in their value chains and supply chains.
Sustainability risks
Companies must document the risks that various sustainability issues (e.g., climate change, use of fossil fuels, or dependence) pose to the company.
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