{"id":4510,"date":"2025-01-05T12:09:29","date_gmt":"2025-01-05T10:09:29","guid":{"rendered":"https:\/\/esghub.ro\/?p=4510"},"modified":"2025-01-06T21:48:23","modified_gmt":"2025-01-06T19:48:23","slug":"esrs-2-general-information-presentations","status":"publish","type":"post","link":"https:\/\/esghub.ro\/en\/esrs-2-prezentari-de-informatii-cu-caracter-general\/","title":{"rendered":"ESRS 2 - General Disclosures"},"content":{"rendered":"

ESRS 2 - General Disclosures deals with the reporting requirements for sustainability reports that apply to all reporting companies, regardless of sector.<\/span><\/strong><\/p>\n

These requirements are essential for understanding sustainability reporting, both at the level of individual aspects of sustainability and as a whole<\/span>
\n- is divided into the following areas: basis of preparation (BP), corporate governance (GOV), strategy and business model (GOV), and<\/span>
\nbusiness models (SBM), impact, risk & opportunity management (IRO), minimum requirements for<\/span>
\nminimum disclosure requirements (MDR)<\/span>
\n-an important element is the 'minimum reporting requirements', which refer to the information about the content of the report in the thematic standards<\/span>
\nESRS. They set out what information companies must publish at a minimum about their strategies, measures, targets and metrics to ensure information<\/span>
\nrelevant, complete and comparable.<\/span><\/p>\n

Date of entry into force<\/span><\/h2>\n

Companies must adopt CSRD-compliant reporting. With regard to ESRS 2 General Information, only in a few situations is implementation allowed<\/span>
\ngradual phasing in of reporting obligations:<\/span>
\n- reporting on the breakdown of income by ESRS sector and list of additional sectors in ESRS 2 SBM-1<\/span>
\n- in the first reporting year, it is not mandatory to break down the financial consequences of the company's main risks and opportunities, which would<\/span>
\nshould be categorised into short, medium and long periods<\/span>
\n- in the first 3 years of reporting, companies may, by a justified decision, resort to a qualitative description if quantification is not possible.<\/span><\/p>\n

ESRS 2 BP - Basis of reporting<\/span><\/h2>\n

In ESRS 2 BP-1<\/strong> and ESRS BP-2<\/strong> it mainly requests basic information about the core report.<\/span><\/p>\n

ESRS 2 BP-1<\/strong> aims to provide users with a clear understanding of how the sustainability statement has been prepared. To this end,<\/span>
\nThree key aspects in particular need to be considered:<\/span><\/p>\n

    \n
  • determining the general boundaries of the report (which areas and activities of the company are covered in the sustainability statement)<\/span><\/li>\n
  • inclusion of the entire value chain (specific extension of the report's boundaries, aiming to showcase sustainability practices and impacts<\/span>
    \nthroughout the company's supply and production chain)<\/span><\/li>\n
  • the application of safe harbours (refers to conditions or circumstances under which the company may deviate from standard reporting requirements for<\/span>
    \nprotect, for example, confidential information or trade secrets).<\/span><\/li>\n<\/ul>\n

    ESRS 2 BP-2<\/strong> is limited to reporting deviations due to specific circumstances. These include, among other things, different application of horizons<\/span>
    \nof time, estimates of value chain indicators (Scope 3, upstream and downstream) and their sources.<\/span><\/p>\n

    ESRS 2 GOV - Corporate Governance<\/span><\/h2>\n

    Governance is concerned with understanding the governance processes, controls and procedures in place to monitor and manage<\/span>
    \nsustainability aspects.<\/span><\/p>\n

    ESRS 2 GOV is divided into 5 sub-domains:<\/span><\/strong>
    \n1. Administrative, management and supervisory bodies (GOV-1)<\/span><\/strong>
    \nA central concern of sustainability reporting requirements is to create transparency on several key dimensions of<\/span>
    \ncorporate governance. This includes, among other things, a presentation of the structure and diversity of the governing bodies, a breakdown of the tasks and<\/span>
    \nresponsibilities of these bodies (in particular in relation to sustainability impacts, risks and opportunities) and, consequently, expertise in<\/span>
    \nsustainability within these bodies. It is recommended to present the reporting requirements in a tabular format.<\/span><\/p>\n

    2. Sustainability aspects managed by the described bodies (GOV-2)<\/span><\/strong>
    \nIt is specified that undertakings must explain how their administrative, management and supervisory bodies are informed with<\/span>
    \non sustainability issues and how these issues have been addressed during the reporting period. The disclosure includes a description of the process<\/span>
    \nand the frequency with which significant impacts, risks and opportunities are communicated to these bodies. This information complements the descriptions<\/span>
    \ngeneral information of these bodies provided under the ESRS 2 GOV-1 reporting requirement.<\/span><\/p>\n

    3. Integrating sustainability performance into reward systems (GOV-3)<\/span><\/strong>
    \nProvides that companies must provide information on the existence of incentive schemes for members of their administrative bodies, by<\/span>
    \nmanagement and supervision that are linked to sustainability objectives. When establishing such reward schemes, the following should be considered<\/span>
    \nStrike a balance between financial and non-financial (sustainability-related) performance criteria.<\/span><\/p>\n

    4. Due Diligence (GOV-4)<\/span><\/strong>
    \nCompanies must provide a summary of the information included in their sustainability declaration about the due diligence process,<\/span>
    \nknown as sustainability due diligence. This refers to the process prior to the materiality analysis to identify ongoing<\/span>
    \nthe impacts of sustainability issues. The purpose of this disclosure is to provide insight into the ways in which the company fulfils its<\/span>
    \ndue diligence obligations in relation to sustainability issues.<\/span><\/p>\n

    5. Risk Management (GOV-5)<\/span><\/strong>
    \nThe sustainability report should also include a description of the main features of the internal control system and management<\/span>
    \ncompany risks, in particular as regards the sustainability reporting process.<\/span><\/p>\n

    ESRS 2 SBM - Strategy and Business Model<\/span><\/h2>\n

    ESRS 2 SBM is divided into 3 sub-domains:<\/span><\/strong>
    \n1. Strategy, Business Model and Value Chain (SBM-1)<\/span><\/strong>
    \nIncludes presentation of the central components of the company's overall strategy, including products and services, market positioning, regionality, etc., in<\/span>
    \nespecially on sustainability issues.<\/span>
    \nThe company's business model and value chain should be described, emphasising the extent to which they are linked to impacts, risks<\/span>
    \nand sustainability opportunities.<\/span>
    \nAn overview of the main economic activities according to the ESRS sectors is required, which also serves as a basis for further implementation<\/span>
    \nEU taxonomy rules.<\/span><\/p>\n

    2. Stakeholder interests and views (SBM-2)<\/span><\/strong>
    \nESRS 2 SBM-2 aims to describe the process of stakeholder engagement by the company. How stakeholder engagement influences<\/span>
    \nstakeholders interested in the company's actual strategy.<\/span><\/p>\n

    3. Significant impacts, risks and opportunities and their influence on the strategy (SBM-3)<\/span><\/strong>
    \nESRS 2 SBM-3 requires, on the one hand, a list of significant impacts, risks and opportunities (as analysed by the materiality analysis) and, on the other hand,<\/span>
    \na description of whether they result from and can influence the strategy or business model.<\/span><\/p>\n

    ESRS 2 IRO - Impacts, risks and opportunities<\/span><\/h2>\n

    ESRS 2 IRO is divided into 2 sub-domains:<\/span><\/strong><\/p>\n

    1. Description of the processes for identifying and assessing significant impacts, risks and opportunities (IRO-1)<\/strong><\/span>
    \nESRS 2 IRO-1 requires a detailed description of the implementation of the dual materiality analysis. The summary of the basic requirements of ESRS 2 includes an overview of<\/span>
    \ndetailed methods and assumptions used. It is necessary to describe in detail the methodological approach, which means explaining the underlying concept<\/span>
    \nand each step of the materiality analysis.<\/span><\/p>\n

    2. Included reporting requirements (IRO-2)<\/span><\/strong>
    \nESRS 2 IRO-2 focuses on understanding the ESRS requirements included in the sustainability statement. This includes explanations of the reasons for<\/span>
    \nwhere certain sustainability aspects or data points have not been included in the statement. A tabular representation, similar to a table of contents, is recommended.<\/span><\/p>\n

    ESRS 2 MDR - Minimum reporting requirements<\/span><\/h2>\n

    ESRS 2 MDR<\/strong><\/span> describe minimum reporting requirements on strategies, measures, metrics and targets for the sustainability aspects considered<\/span>
    \nessential, which companies must specify and present.<\/span><\/p>\n

    Strategies (MDR-P)<\/span>
    \n<\/span><\/strong>For all key sustainability issues, strategies (policies) focussing on the key drivers should be reported. These include targets for<\/span>
    \nbaseline, the central impacts, risks or opportunities that the strategy addresses, monitoring processes and the scope of the strategy (In-<\/span>
    \nScope\/Out-of-Scope).<\/span>
    \nMeasures (MDR-A)<\/strong><\/span>
    \nThe aim of the ESRS 2 MDR-A is to provide an understanding of the main measures taken or planned to prevent or mitigate actual and potential impacts,<\/span>
    \naddress risks and opportunities and achieve the objectives of the related strategies. They include an overview of key measures, including<\/span>
    \ntheir description, time horizon and, if available, measurement of progress.<\/span>
    \nParameters (DC-M)<\/span><\/strong>
    \nESRS 2 DC-M requires that the parameters and metrics in the report must be presented in a way that is understandable to the reader. Important reporting requirements<\/span>
    \non metrics: companies must disclose whether the measurement of an indicator has been validated by a third party and provide names and descriptions<\/span>
    \nclear, precise and relevant for these indicators.<\/span>
    \nTargets (DC-T)<\/span><\/strong>
    \nCompanies must disclose how targets are set and how often the effectiveness of the activities behind them is measured<\/span>
    \nobjectives.<\/span><\/p>\n

    Read the original Standard below<\/span><\/h2>","protected":false},"excerpt":{"rendered":"

    Standardul ESRS 2 \u2013 Prezent\u0103ri de informa\u021bii cu caracter general se refer\u0103 la cerin\u021bele de raportare pentru rapoartele de sustenabilitate care se aplic\u0103 tuturor companiilor obligate s\u0103 raporteze, indiferent de sector. Aceste cerin\u021be sunt esen\u021biale pentru \u00een\u021belegerea raport\u0103rii sustenabilit\u0103\u021bii, at\u00e2t la nivelul aspectelor individuale de sustenabilitate, c\u00e2t \u0219i \u00een ansamblu – este \u00eemp\u0103r\u021bit \u00een urm\u0103toarele […]<\/p>\n","protected":false},"author":8,"featured_media":3739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":17,"footnotes":""},"categories":[91],"tags":[106,105,107],"class_list":["post-4510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-standarde","tag-caracter-general","tag-esrs-2","tag-standard-esrs-2"],"_links":{"self":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/4510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/comments?post=4510"}],"version-history":[{"count":3,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/4510\/revisions"}],"predecessor-version":[{"id":4581,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/4510\/revisions\/4581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media\/3739"}],"wp:attachment":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media?parent=4510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/categories?post=4510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/tags?post=4510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}