European Sustainability Reporting Standards (ESRS) Summary: ESRS E1 Climate change
The objective of this standard is to understand: • How the company contributes to climate change • Any mitigation efforts that are in place or planned • Plans and capacity to adapt business model in line with a transition to a sustainable economy • Actions taken to prevent, mitigate or remediate impacts • Material risks and opportunities arising from the company’s impacts and dependencies on climate change; the effects of such on the company’s development and performance • Financial effects on short-term, medium and long-term time horizons of material risks and opportunities
ESRS 1 General requirements
ESRS 2 General disclosures
Environmental
Climate change
Pollution
Water and marine resources
Biodiversity and ecosystems
Resource use and circular economy
Social Own workforce
Workers in the value chain
Information to be reported | Number of disclosure requirements (DR): 9
Affected communities
Consumers or end users
1. Governance
• DR related to ESRS 2 GOV-3 — integration of sustainability-related performance in incentive schemes
Governance Business conduct
Subtopics 1. Climatechange adaption 2. Climatechange mitigation 3. Energy
2. Strategy
Transition plans for climate change mitigation Material impacts, risks and opportunities, and their interaction with strategy and business model
3. Impact, risk and opportunity
Targets related to climate change mitigation and adaptation Energy consumption and mix Gross scopes 1,2,3, and total greenhouse gas (GHG) emission • Description of the processes to identify and assess material climate-related impacts, risks, and opportunities • Policies related to climate change mitigation and adaption • Actions and resources in relation to climate change policies
4. Metrics and targets
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