ESRS S1 Own Workforce

Definition

ESRS S1 Own Workforce. The objective of this Standard is to specify disclosure requirements which will enable users of the sustainability statements to understand the undertaking’s material impacts on its workforce, as well as related material risks and opportunities, including:

• how the undertaking affects its own workforce, in terms of material positive and negative actual or potential impacts
• any actions taken, and the result of such actions, to prevent, mitigate or remediate actual or potential negative impacts
• the nature, type and extent of the undertaking’s material risks and opportunities related to its impacts and dependencies on its own workforce, 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 the undertaking’s impacts and dependencies on its own workforce.

Disclosure Requirements

ESRS S1 formulates 17 distinct disclosure requirements.

See Also

The other ESRS Standard in the Social cluster are:

• ESRS S2 Workers in the Value Chain
• ESRS S3 Affected Communities
• ESRS S4 Customers and End-Users

References

• EFRAG, Draft ESRS S1 Own workforce, Nov 2022