1. Accounting, Auditing, Actuarial
  2. EC - European Commission
  3. European sustainability reporting standards (ESRSs)
  4. 2023
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  1. European Sustainability Reporting Standard S2: Workers in the value chain (ESRS S2)
  2. Appendix A Application Requirements
  3. ESRS 2 General disclosures (paras. AR4-AR48)
  4. Metrics and targets (paras. AR45-AR48)
  5. Disclosure Requirement S2-5 - Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities (paras. AR45-AR48)
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Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - onwards
  Version 3 of 3    

Disclosure Requirement S2-5 - Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities (paras. AR45-AR48)

AR45. When disclosing information about targets in accordance with paragraph 39, the undertaking may disclose:

(a) the intended outcomes to be achieved in the lives of value chain workers, being as specific as possible;

(b) the stability of the targets over time in terms of definitions and methodologies to enable comparability over time;

(c) the standards or commitments on which the targets are based (for instance codes of conduct, sourcing policies, global frameworks or industry codes).

AR46. Targets related to material risks and opportunities may be the same as or distinct from targets related to material impacts. For example, a target to reach living wages for supply chain workers could both reduce impacts on those workers and reduce associated risks in terms of the quality and reliability of supply.

AR47. The undertaking may also distinguish between short-, medium- and long-term targets covering the same policy commitment. For example, the undertaking may have a long-term target to

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