European Sustainability Reporting Standards (ESRS) Summary: ESRS S2 Workers in the value chain
The objective of this standard is to understand: • How the company affects workers in its value chain through its own operations and its upstream and downstream value chain in terms of impacts • Actions taken and the results of such actions to prevent, mitigate or remediate actual or potential adverse impacts • The nature, type or extent of the company’s risks and opportunities related to its impacts and dependencies on workers in the value chain and the effects of such on the company • Financial effects on short-, 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
Information to be reported | Number of disclosure requirements (Dr): 5
Workers in the value chain
Affected communities
Consumers or end users
1. Strategy
• Dr related to ESRS 2 SBM 2 — interest and views of stakeholders • Dr related to ESRS 2 SBM 3 — material impacts, risks and opportunities and their interaction with strategy and business models • Policies related to value chain workers • Processes for engaging with value chain workers about impacts • Processes to remediate negative impacts and channels for value chain workers to raise concerns • Taking action on material impacts on value chain workers, and approaches to mitigating material risks and pursuing material opportunities related to value chain workers, and effectiveness of those actions
Governance Business conduct
2. Impact, risk and
Subtopics 1. Working conditions 2. Equal treatment and opportunities for all 3. Other work-related rights
opportunity management
3. Metrics and targets
• Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities
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