ESRS S2 Workers in the Value Chain
From Open Risk Manual
Definition
ESRS S2 Workers in the Value Chain. The objective of this Standard is to specify disclosure requirements which will enable users of the sustainability statements to understand material impacts on value chain workers caused or contributed to by the undertaking, as well as material impacts which are directly linked to the undertaking’s own operations, products or services through its business relationships and its related material risks and opportunities, including:
- how the undertaking affects workers in its value chain, 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 workers in the value chain, 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 workers in the value chain.
Disclosure Requirements
ESRS S2 formulates 5 distinct disclosure requirements.
See Also
The other ESRS Standard in the Social cluster are:
References
- EFRAG, Draft ESRS S2 Workers in the value chain, Nov 2022
