ESRS Standards – Governance pillar

Course Description:

We are going to have a deeper look at two important areas of ESRS Standards. Firstly, we are going to explore the only topical standard from the governance pillar, standard G1 Business conduct. You will obtain an overview of the structure of the standard and learn about its interaction with cross-cutting standards ESRS 1 and 2. You will broaden your knowledge of the  individual disclosure requirements and whether they result from double materiality assessment or whether they are subject to mandatory disclosure regardless of the result of such an assessment. Main provisions of the standards will be, where possible, illustrated practically.

Second part of the course will be concentrated on disclosure of information in the value chain. Value chain is a relatively new, complex and cross-cutting topic in the context of corporate reporting and ESRS. Its prominence is emphasized by the existence of EFRAG’s Value chain implementation guidance and by the newly approved Corporate sustainability due diligence directive - CSDDD. The course will introduce main provisions of this directive, principles featuring in the implementation guidance and their link to mandatory provisions of individual ESRS standards.

Training Agenda:

• Structure of G1 standard, important concepts and definitions,
• Interaction of  standard G1 with cross - cutting standards ESRS 1 and 2,
• Mandatory disclosures and disclosures based on double materiality assessment,
• Disclosure requirements: EFRAG’s Implementation guidance IG 2 Value chain and its link to cross-cutting and topical ESRS standards ,
• Definition of value chain, upstream and downstream subjects, relationships and dependencies,
• Incorporation of value chain into materiality assessment,
• Specifics of value chain in “E” and “S” pillars,
• Transitional provisions - phasing of disclosures about value chain,
• Due diligence based on OECD and UN principles - recommended steps and practical examples,
• Directive CSDDD:
  • Applicability: who and when,
  • Obligations resulting from CSDDD,
  • Relationship with sustainability reporting.