You may report this information alongside the disclosures to which they refer.
Specific circumstances refers to the following:
Time horizons
When you have deviated from definitions of short-term (same as reporting period), medium-term (<5 years), or long-term (5+years) time horizons, you shall describe:
a. your definitions of medium- or long-term time horizons
b. the reasons for applying those definitions
Value chain estimation
When metrics include upstream and/or downstream value chain data estimated using indirect sources, such as sector-average data or other proxies, you shall:
a. identify the metrics
b. describe the basis for preparation
c. describe the resulting level of accuracy
d. where applicable, describe the planned actions to improve the accuracy in the future
Sources of estimation and outcome uncertainty
In accordance with ESRS 1 section 7.2 Sources of estimation and outcome uncertainty, you shall:
a. identify the quantitative metrics and monetary amounts you have disclosed that are subject to a high level of measurement uncertainty
b. in relation to each quantitative metric and monetary amount identified:
i. disclose information about the sources of measurement uncertainty (for example, the dependence of the amount on the outcome of a future event, on a measurement technique or on the availability and quality of data from your upstream and/or downstream value chain)
ii. disclose the assumptions, approximations and judgements you have made in measuring it
When disclosing forward-looking information, you may indicate that you consider such information to be uncertain
Changes in preparation or presentation of sustainability information
When changes in the preparation and presentation of sustainability information occur compared to the previous reporting period(s) you shall:
a. explain the changes and the reasons for them, including why the replaced metric provides more useful information
b. disclose revised comparative figures, unless it is impracticable to do so. When it is impracticable to adjust comparative information for one or more prior periods, you shall disclose that fact
c. disclose the difference between the figure disclosed in the preceding period and the revised comparative figure
Reporting errors in prior periods
When you identify material prior period errors you shall disclose:
a. the nature of the prior period material error
b. to the extent practicable, the correction for each prior period included in the sustainability statement
c. if correction of the error is not practicable, the circumstances that led to the existence of that condition
Disclosures stemming from other legislation or generally accepted sustainability reporting pronouncements
When you include in your sustainability statement information stemming from other legislation which requires you to disclose sustainability information from other generally accepted sustainability reporting standards and frameworks, in addition to the information prescribed by ESRS, you shall disclose this fact. In case of partial application of other reporting standards or frameworks, you shall provide a precise reference to the paragraphs of the standard or framework applied.
Incorporation by reference
When you incorporate information by reference, you shall disclose a list of the disclosure requirements of ESRS, or the specific datapoints mandated by a Disclosure Requirement, that have been incorporated by reference.
Use of phase-In provisions in accordance with Appendix C of ESRS 1
If you do not exceed on your balance sheet date the average number of 750 employees during the financial year you can during the first or the first 2 years of preparation of your sustainability statement decide to omit information required by:
- ESRS E4 (can be omitted during the first 2 years)
- ESRS S1 (can be omitted during the first year)
- ESRS S2 (can be omitted during the first 2 years)
- ESRS S3 (can be omitted during the first 2 years)
- ESRS S4 (can be omitted during the first 2 years)
However, if deciding to do so you shall nevertheless disclose whether the sustainability topics covered by each respective standard have been assessed to be material as a result of your materiality assessment. Additionally, if one or more of these topics have been assessed to be material, you shall for each material topic:
a. disclose the list of matters in AR 16 ESRS 1 Appendix A that are assessed to be material and briefly describe how your business model and strategy take into account your organizations’ impacts related to those matters. You may identify these matters at the level of topic, sub-topic or sub-sub-topic.
b. briefly describe any time-bound targets you have set related to the matters in question, the progress you have made towards achieving those targets, and whether your targets related to biodiversity and ecosystems are based on conclusive scientific evidence
c. briefly describe your policies in relation to the matters in question
d. briefly describe actions you have taken to identify, monitor, prevent, mitigate, remediate or bring an end to actual or potential adverse impacts related to the matters in question, and the result of such actions
e. disclose metrics relevant to the matters in question