Questions & Answers
Do MDRs have to be applied for matters that are to be reported following the ESRS G1?
- Minimum disclosure requirements
Background
ESRS 2 Section 4.2, paragraph 60 states that Minimum Disclosure Requirements (MDR) should ‘. . . be included when the undertaking discloses information on its policies and actions to prevent, mitigate and remediate actual and potential material impacts, to address material risks and/or to pursue material opportunities (collectively, to “manage material sustainability matters”). They shall be applied together with the Disclosure Requirements, including Application Requirements, provided in the relevant topical and sector-specific ESRS.’
ESRS 2 Section 4.2, paragraph 70 establishes that Minimum Disclosure Requirements ‘shall be included when the undertaking discloses information on its metrics and targets related to each material sustainability matter. They shall be applied together with the Disclosure Requirements, including Application Requirements, provided in the relevant topical ESRS.’
All the MDRs that shall be read in conjunction with the relevant topical ESRS, including those affecting Policies, Actions, Targets and Metrics, are established in paragraphs 63 to 81 of ESRS 2.
Answer
The MDRs from paragraphs 63 to 81 in ESRS 2 shall be applied with respect to Policies, Actions, Targets and Metrics in G1 irrespective of the fact that there is no cross-reference in the topical standard.