ESRS 2 General Disclosures

The ESRS 2 General Disclosures standard sets out the cross‑cutting disclosure requirements that apply to all undertakings subject to sustainability reporting under the Corporate Sustainability Reporting Directive (CSRD), irrespective of the specific sustainability topics identified as material.

ESRS 2 complements ESRS 1 General Requirements and provides a consistent baseline of information that enables users to understand the undertaking’s sustainability context, governance, strategy, and management of impacts, risks and opportunities.

ESRS 2 requires undertakings to disclose information across four key reporting areas: governance, strategy, impact, risk and opportunity (IRO) management, and metrics and targets.

These disclosures are designed to explain how sustainability matters are embedded in the undertaking’s governance structures, business model, strategic objectives, and risk management processes, as well as how performance is measured and monitored over time.

The standard includes disclosure requirements on, among others, the role of administrative, management and supervisory bodies, sustainability-related policies and actions, stakeholder engagement processes, and the outcomes of the double materiality assessment.

ESRS 2 also establishes requirements to ensure connectivity and consistency between sustainability information and financial reporting, supporting a coherent understanding of the undertaking’s overall performance and position.

By mandating a common set of general disclosures, ESRS 2 enhances comparability, transparency and accountability across undertakings and reporting periods. It ensures that sustainability statements provide users of general-purpose sustainability reports with decision-useful information, while allowing for the integration of topical and entity-specific disclosures where material sustainability impacts, risks or opportunities are identified.