ESRS E3 Water and Marine Resources

Definition

ESRS E3 Water and Marine Resources is Topical ESRS Standard. Its objective is to specify Disclosure Requirements which will enable users of the sustainability statements to understand:

• how the undertaking affects water and marine resources, in terms of material positive and negative actual or potential impacts
• any actions taken, and the result of such actions to prevent or mitigate material actual or potential negative impacts and to protect water and marine resources, also with reference to reduction of water consumption
• whether, how and to what extent the undertaking is contributing to the European Green Deal’s ambitions for fresh air, clean water, a healthy soil and biodiversity as well as to ensuring the sustainability of the blue economy and fisheries sectors.
• the plans and capacity of the undertaking to adapt its strategy and business model(s) in line with the preservation and restoration of water and marine resources globally
• the nature, type and extent of the undertaking’s material risks and opportunities arising from the undertaking’s impacts and dependencies on water and marine resources, and how the undertaking manages them
• the financial effects on the undertaking over the short-, medium- and long-term time horizons of material risks and opportunities arising from (i.e., those related to the undertaking’s impacts and dependencies on water and marine resources.

Disclosure Requirements

ESRS E3 formulates 5 distinct disclosure requirements.

See Also

Other ESRS components in the Environment cluster:

• ESRS E1 Climate Change
• ESRS E2 Pollution
• ESRS E4 Biodiversity and Ecosystems
• ESRS E5 Resources and Circular Economy

References

• EFRAG, Draft ESRS E3 Water and marine resources, Nov 2022